Discuss dividends on common stock

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Whetzel Corporation reported net income of $150,000, declared dividends on common stock of $45,000, and had an ending balance in retained earnings of $350,000. Common stockholders' equity was $710,000 at the beginning of the year and $850,000 at the end of the year.

Reference no: EM131788969

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Discuss dividends on common stock : Whetzel Corporation reported net income of $150,000, declared dividends on common stock of $45,000, and had an ending balance in retained
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