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Puppet Corporation began with an investment by shareholders of $10,000. a. In its first year, the income earned was $1,000. What would the equity section
Puppet Corporation began with an investment by shareholders of $10,000. a. In its first year, the income earned was $1,000. What would the equity section of its balance sheet show at year end? Common stock Retained earnings Total Stockholders' Equity $ b. In the second year, it had income of $11,000 and a dividend of $2,000 was paid. What would the equity section of its balance sheet show at year end? Common stock Retained earnings Total Stockholders' Equity $ c. In the third year, Puppet sold more shares for a value of $5,000, earned income of $4,000, and paid a dividend of $1,500. What would the equity section of its balance sheet show at year end? Common stock Retained earnings Total Stockholders' Equity $
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