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Jamal Company Began the Year 2022 with $126,000 in Its

Question 146

Multiple Choice

Jamal Company began the year 2022 with $126,000 in its Common Stock account and a debit balance in Retained Earnings of $54,000.During the year, the company earned net income of $27,000, and declared and paid $9,000 of dividends.In addition, the company sold additional common stock amounting to $33,000.Based on this information, what should the transaction analysis show for total stockholders' equity at the end of 2022?


A) $231,000
B) $249,000
C) $123,000
D) $165,000

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