Stockholders’ equity totaled $246,000 at the beginning of the year. During the year, net income was $36,000, dividends of $9,000 were declared and paid, and $30,000 of common stock was issued at par value. Calculate total stockholders' equity at the end of the year. Indicate the financial statement effect

Managerial Accounting: The Cornerstone of Business Decision-Making
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Chapter15: Financial Statement Analysis
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Problem 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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Stockholders’ equity totaled $246,000 at the beginning of the year. During the year, net income was $36,000, dividends of $9,000 were declared and paid, and $30,000 of common stock was issued at par value.

Calculate total stockholders' equity at the end of the year. Indicate the financial statement effect

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