Based upon these amounts, what is total stockholders' equity at the end of the current year? Beginning
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Based upon these amounts, what is total stockholders' equity at the end of the current year?
- Beginning balance in retained earnings: $34,569
- Net income during the year of $15,960
- Dividends declared this year of $5,000
- Note payable of $350,000
- Treasury stock of $4,500
- Additional paid in capital of $75,000
- Common stock of $2,000
- Cash of $30,000
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1285190907
8th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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