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Calculate total stockholders equity at the end of the year

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Reference no: EM132076002

Problem - Understanding financial statement relationships

Stockholders' equity totaled $89,000 at the beginning of the year. During the year, net income was $19,000, dividends of $6,500 were declared and paid, and $17,000 of common stock was issued at par value.

Required: Calculate total stockholders' equity at the end of the year.

Reference no: EM132076002

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