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Question 13 1/1 A company earned net income of $6,000 in its first month of business and paid dividends of $1,000. Its common
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Answer #1

Answer:$14000

Ending Stock holders Equity = Common Stock + Retained Earnings = $9000 + $5000 = $14000

Retained Earnings = Beginning Retained Earnings + Net Income - Dividends = 0 + $6000 - $1000 = $5000

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