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Required information At the beginning of 2020 a company had total contributed capital of $310,000 and total retained earnings of $36,000. Total liabilities were $110,000.
Required information At the beginning of 2020 a company had total contributed capital of $310,000 and total retained earnings of $36,000. Total liabilities were $110,000. During the year 2020, the company had the following transactions: - Issued stock for cash of $61,000. Declared and paid a cash dividend of $16,000. - Reported total revenue of $161,000 and total expenses of $90,500. What amount of contributed capital will be reported on the Statement of stockholders' equity the end of 2020? Multiple Choice $384.000 O O $310,000 $363.000 $371,000
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