Between the end of year 2020 and 2021, Frank Inc.'s Equity balance went from $2,000...
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Between the end of year 2020 and 2021, Frank Inc.'s Equity balance went from $2,000 to $2,600. During that year, the company had a Net Income of $500 and paid out dividends in total of $300. Frank Inc.'s issued $ in new common stock in 2021 (assuming Retained Earnings and Common Stock are the only Equity accounts)
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