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Use the accounting equation to solve for the missing information for Paid In Capital at 12/31/16 (don’t bother entering cents, just round to the nearest dollar):

Total Assets, 12/31/16 = $23,000

Total Liabilities, 12/31/16 = $8,000

Paid-in Capital, 12/31/16 = $ ???

Retained Earnings, 12/31/16 = $ ???

Net Income for 2016 = $4,000

Dividends declared & paid in 2016 = $500

Retained Earnings, 01/01/16 = $6,000

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91978480

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