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Sydney Company had retained earnings of $56,000 and total stockholders equity of $75,000 at the beginning of 20X1. During 20X1 the company had net income
Sydney Company had retained earnings of $56,000 and total stockholders equity of $75,000 at the beginning of 20X1. During 20X1 the company had net income of $21,000, declared and paid cash dividends of $8,000, and had other comprehensive income of $4,000. Sydney Company neither issued nor bought back shares in 20X1. Compute the retained earnings and total stockholders equity at the end of 20X1. compute the retained earnings and total stockholders equity at the end of 20x1
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