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