FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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.

$ ____
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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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