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would i take off the 9000 understated or am i correct Smith Company has the following balances at the beginning of the current year, 2025
would i take off the 9000 understated or am i correct
Smith Company has the following balances at the beginning of the current year, 2025 During the year, the company declared and paid dividends of $30,000 and had net income at the end of the year of $236,000. The company had also understated Salaries Expense from last period by $9,000. What is the ending total stockholders' equity (assume no transactions related to common stock occurred)? A. $918,000 B. $888,000 C. $882,000 D. 5909,000 Step by Step Solution
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