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What is the closing balance of shareholders equity

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Reference no: EM132901608

Problem - The opening balance of shareholders' equity for Sedona Transport was $530,000. During the year, Sedona issued 50,000 common shares at market price of $35 per share. The company earned net income of $152,400, recorded other comprehensive income of ($2,300) and paid dividends of $10,000. What is the closing balance of shareholders' equity?

Reference no: EM132901608

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