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XBOX Corporation began with an investment by shareholders of $21,000. a. In its first year, the income earned was $2,100. What would the equity section
XBOX Corporation began with an investment by shareholders of $21,000. a. In its first year, the income earned was $2,100. What would the equity section of its balance sheet show at year end? Common stock $ Retained earnings Total Stockholders' Equity $ b. In the second year, it had an income of $9,100 and a dividend of $3,100 was paid. What would the equity section of its balance sheet show at year end? Common stock $ Retained earnings Total Stockholders' Equity $ c. In the third year, XBOX sold more shares for a value of $10,500, earned income of $5,100, and paid a dividend of $2,600. What would the equity section of its balance sheet show at year end? Common stock $ Retained earnings Total Stockholders' Equity $
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