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On January 1, Gucci Brothers Inc. started the year with a $707,000 balance in retained earnings and a $604,000 balance in common stock. During the
On January 1, Gucci Brothers Inc. started the year with a $707,000 balance in retained earnings and a $604,000 balance in common stock. During the year, the company reported net income of $110,000, paid a dividend of $14,200, and issued more common stock for $27,500. What is total stockholders' equity at the end of the year? $1,434,300 $1,379,300 $1,462,700 $1,311,000
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