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At the begining of the year (january 1), a company has $10,000 of common stock outstanding and retained earnings of $7,500. During the year, the
At the begining of the year (january 1), a company has $10,000 of common stock outstanding and retained earnings of $7,500. During the year, the company reports net income of $7,800 and pays dividends of $2,500. In addition, the company issues additional common stock for $7,300. Do you have a prepared statement of stockholders equity for the end of the year?
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