Question
Tiger Company's total stockholders' equity at the beginning of the year was $180,000. During the year Tiger reported the following: Net income of $84,000. Dividend
Tiger Company's total stockholders' equity at the beginning of the year was $180,000. During the year Tiger reported the following: Net income of $84,000. Dividend declarations totaling $17,500. Issued stock to stockholders in exchange for $44,500 cash. Borrowed $11,500 from a stockholder. What is Tiger's total stockholders' equity at the end of the year?
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