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At December 2019, a firm's total assets are $500,000 and its total liabilities are $325,000. Assume that the firm's net income for 2020 is $75,000
At December 2019, a firm's total assets are $500,000 and its total liabilities are $325,000. Assume that the firm's net income for 2020 is $75,000 and that the company paid dividends to shareholders of $30,000 during 2020. What is the firm's total stockholders' equity at December 2020
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