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Understanding financial statement relationships. Stockholders' equity totaled $82,000 at the beginning of the year. During the year, net income was $12,000, dividends of $3,000 were declared and paid, and $10,000 of common stock was issued at par value.

Required:

find out total stockholders' equity at the end of the year.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M942129

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