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8. Spring Corporation started the year with $200,000 common stock and $30,000 retained earnings. During the year, the company reported a net income of $35,000
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Spring Corporation started the year with $200,000 common stock and $30,000 retained earnings. During the year, the company reported a net income of $35,000 and distributed dividends of $15,000 and issued additional common stock of $25,000. What is stockholders' equity at the end of the year? A. $280,000 B. $300,000 C. $275,000 D. $250,000Step by Step Solution
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