Business, 14.06.2021 17:20 Camill0310

Total assets were $78,000 and total liabilities were $42,000 at the beginning of the year. Net income for the year was $15,500, and dividends of $5,000 were declared and paid during the year. Required:
Calculate total stockholders' equity at the end of the year.

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Total assets were $78,000 and total liabilities were $42,000 at the beginning of the year. Net incom...

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