The total equity of Timberlake Company at the beginning of 2013 amounted to $5,500. During 2013 the

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The total equity of Timberlake Company at the beginning of 2013 amounted to $5,500. During 2013 the company reported net income of $1,800 and paid a $500 dividend. If retained earnings at the end of 2013 is $2,200, what was beginning common stock?

A. $3,300

B. $2,800

C. $1,300

D. $4,600

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Fundamental Managerial Accounting Concepts

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Posted Date: Sep 04, 2018 12:36 AM

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The total equity of Timberlake Company at the beginning of 2013 amounted to $5,500. During 2013 the

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D 4600 During 2013 net income increased retained earnings by 1800 and ... View the full answer

Fundamental Managerial Accounting Concepts

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