Question
Bramble Corp. began the year with $123500 in its Common Stock account and a debit balance in Retained Earnings of $52900. During the year, the
Bramble Corp. began the year with $123500 in its Common Stock account and a debit balance in Retained Earnings of $52900. During the year, the company earned net income of $26500 and declared and paid $8800 of dividends. In addition, the company sold additional common stock amounting to $32300. Based on this information, what should the transaction analysis show for the ending total of all stockholders' equity accounts?
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
17th Edition
032459237X, 978-0324592375
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