Stockholders equity totaled $91,000 at the beginning of the year. During the year, net income...
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Stockholders equity totaled $ at the beginning of the year. During the year, net income was $ dividends of $ were declared and paid, and $ of common stock was issued at par value. Required: Calculate total stockholders equity at the end of the year. Indicate the financial statement effect. Note: Enter decreases with a minus sign to indicate a negative financial statement effect.
Stockholders equity totaled $ at the beginning of the year. During the year, net income was $ dividends of $ were declared and paid, and $ of common stock was issued at par value.
Required:
Calculate total stockholders equity at the end of the year. Indicate the financial statement effect.
Note: Enter decreases with a minus sign to indicate a negative financial statement effect.
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