Business, 05.06.2020 22:57, adrianvigil6400
ABC Company's total stockholders' equity at the beginning of the year was $150,000. During the year ABC reported the following:
Net loss of $22,500.
Stock issued in exchange for land totaling $60,000.
Collections of accounts receivable $30,000.
Dividends declared and paid totaling $1,500.
What is ABC's total stockholders' equity at the end of the year?
a. S348,000.
b. $288,000.
c. $248,000.
d. $168,000.
Answers: 2
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ABC Company's total stockholders' equity at the beginning of the year was $150,000. During the year...
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