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Based on the following information what is the total equity

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Based on the following information, what is the total equity at the end of 2013? The following is selected financial information for Osmond Dental Laboratories for 2012 and 2013:

  • Retained earnings January 1 2012 = $53,000
  • Net income 2012 = $37,000; 2013 = $42,000
  • Dividends declared and paid 2012 = $15,000; 2013 = $18,000
  • Capital stock issued 2012 = $70,000; 2013 = $20,000
  • Total assets 2012 = $276,000; 2013 = $320,000

Reference no: EM13585594

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