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on december 1,2007 millstone corporation invested $45,000 in a new delivery truck the truck is being depreciated at a monthly rate of$500. during 2007 the company issued stock for $60,000 and declared dividens of $5000 its net income in 2007 was $70,000 millstones ending retained earnings balance as reportedin its december 31,2007 balance sheet was $90,000 its beginning capital stock balance on january 1,2007 was $200,000 givin this information determine the total stockholders equity reported in the companys balance sheet dated december 31,2007

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9432484

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