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answer as soon as possible At the beginning of the year (January 1), the Company has $120,000 of common stock and retained earnings of $90,000.
answer as soon as possible
At the beginning of the year (January 1), the Company has $120,000 of common stock and retained earnings of $90,000. During the year, the company reports net income of $75,000 and declares dividends of $30,000. In addition, the company issues additional common stock for $60,000. Determine the following as of December 31st: Do not include $ in your answer. Ending Common stock Ending retained earnings Ending Stockholders' Equity Step by Step Solution
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