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6. Stockholders'equity Which of the following best describes stockholders' equity? The sum of what the initial stockholders paid when they bought company shares and the
6. Stockholders'equity Which of the following best describes stockholders' equity? The sum of what the initial stockholders paid when they bought company shares and the earnings that the compa the years. The difference between the paid-in capital and retained earnings. Purple Dog Pet Supply Inc. (PDPS) released its annual results and financial statements. Sharon is reading the summary on P annual report this year PDPS reported a net income of $200,000. Last year, the company reported a retained earnings balan this year it increased to $660,000. If Purple Dog Pet Supply Inc. paid out dividends this year, how much did they pay out? O $1,221,000 $351,000 $299,000 $101,000 A-2
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