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Calculate total stockholders equity at the end of the year

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Problem - Stockholders' equity totaled $100,000 at the beginning of the year. During the year, net income was $30,000, dividends of $5,500 were declared and paid, and $28,000 of common stock was issued at par value.

Required - Calculate total stockholders' equity at the end of the year. Indicate the financial statement effect.

Reference no: EM133038653

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