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Nikron Corporation issued 10,000 shares of $0.50 par value common stock during the year for $40 each. Nikron also repurchased treasury stock for $30,000. Net
Nikron Corporation issued 10,000 shares of $0.50 par value common stock during the year for $40 each. Nikron also repurchased treasury stock for $30,000. Net income for the year was $336,000. The company also paid cash dividends of $70,000. What was the total change in Nikrons stockholders equity for the year? $Answer
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