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Calculate the total stockholders equity

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Reference no: EM132598116

Question - The Clark Company fails to record these two journal entries:

Amortization of Discount on Bond Payable: $40

Cash Dividends declared: $10

Calculate the Total Stockholders' Equity?

a. Correct

b. $10 overstated

c. $10 understated

d. $50 understated

e. $50 overstated

Reference no: EM132598116

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