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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

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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Prag Co. reported the following financial data for its most current year: | Description | Amount | |--------------------------------------|----------| | 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: | Description | Amount | |--------------------------------------|----------| | 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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