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What is tiger stockholders equity at the end of the year

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Reference no: EM132611928

Tiger Company's stockholders' equity at the beginning of the year was $194,000. During the year Tiger reported the following:

Net income of $98,000.

Question 1: Dividend declarations totaling $18,900.Issued stock to stockholders in exchange for $51,500 cash.Borrowed $12,900 from a stockholder. What is Tiger's stockholders' equity at the end of the year? Please explain why the answer is the answer.

Option 1: $318,600

Option 2: $343,500

Option 3: $324,600

Option 4: $337,500

Reference no: EM132611928

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