Prag Co. reported the following financial data for its most current year: Beginning-of-year common stock $80.000 Beginning-of-year retained earnings 175,400 Net income 32.250 Dividends paid 8,500 Issuance of common stock 15.000 Compute Prag's end-of-year total stockholders' equity.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Prag Co. reported the following financial data for its most current year:
Beginning-of-year common stock
$80,000
Beginning-of-year retained earnings 175,400
Net income
32,250
Dividends paid
8,500
Issuance of common stock
15,000
Compute Prag's end-of-year total stockholders' equity.
Transcribed Image Text:Prag Co. reported the following financial data for its most current year: Beginning-of-year common stock $80,000 Beginning-of-year retained earnings 175,400 Net income 32,250 Dividends paid 8,500 Issuance of common stock 15,000 Compute Prag's end-of-year total stockholders' equity.
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