Multiple Choice
Teamboo Company's stockholders' equity at the beginning of August 2015 was $750,000. During the month, the company earned net income of $175,000 and paid dividends of $75,000. At the end of August 2015, what is the amount of stockholders' equity?
A) $675,000
B) $750,000
C) $825,000
D) $850,000
Correct Answer:
Verified
Correct Answer:
Verified
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