Blue Spruce Corp. began the year 2022 with $146200 in its Common Stock account and a debit
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Question:
Blue Spruce Corp. began the year 2022 with $146200 in its Common Stock account and a debit balance in Retained Earnings of $62600. During the year, the company earned net income of $31300, and declared and paid $10400 of dividends. In addition, the company sold additional common stock amounting to $38300. Based on this information, what should the transaction analysis show for total stockholders' equity at the end of 2022?
$268000
$142800
$288800
$191500
Related Book For
Advanced Accounting
ISBN: 978-1934319307
2nd edition
Authors: Susan S. Hamlen, Ronald J. Huefner, James A. Largay III
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