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Spring Corporation started the year was $150,000 common stock and $30,000 retained eamings. During the year, the company reported a net income of $35,000 and
Spring Corporation started the year was $150,000 common stock and $30,000 retained eamings. During the year, the company reported a net income of $35,000 and distributed dividends of $15,000 and issued additional common stock of $25,000. What is stockholders' equity at the end of the year? A $250,000 B. $225,000 C$200,000 D. $250,000
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