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Puppet Corporation began with an investment by shareholders of $20,000. o. In its first year its income earned $2,000. What would the equity section of
Puppet Corporation began with an investment by shareholders of $20,000. o. In its first year its income earned $2,000. What would the equity section of its balance sheet show at year end? Common stock Retained earnings sj b. In the second year it had income of $9,000 and a dividend of $3,000 was paid. What would the equity section of its balance sheet show at year end? Common stock Retained earnings
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