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A company had no beginning balance in stockholders' equity. During September, they earned net income of $75,000 and paid dividends of $25,000. What is the ending balance in stockholders' equity?

A company had no beginning balance in stockholders' equity. During September, they earned net income of $75,000 and paid dividends of $25,000. What is the ending balance in stockholders' equity?

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 17E
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A company had no beginning balance

A company had no beginning balance in stockholders' equity. During September, they earned net income of $75,000 and paid dividends of $25,000. What is the ending balance in stockholders' equity?
Transcribed Image Text:A company had no beginning balance in stockholders' equity. During September, they earned net income of $75,000 and paid dividends of $25,000. What is the ending balance in stockholders' equity?
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