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At the beginning of 20X5, Brittle Inc. had total asset and total liabilities of $500,000 and $385,000, respectively. The following occurred during 20X5: earned
At the beginning of 20X5, Brittle Inc. had total asset and total liabilities of $500,000 and $385,000, respectively. The following occurred during 20X5: earned net income of $205,000, declared and paid dividends totaling $25,000, and received $45,000 cash from the issuance of new shares of stock. Question: What should be Brittle's ending stockholders' equity balance at 12/31/X5? Answer: $ (note: do not use commas, decimals, or cents)
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