Multiple Choice
On January 1,Gucci Brothers Inc.started the year with a $492,000 balance in Retained Earnings and a $605,000 balance in Common Stock.During the year,the company reported net income of $92,000,paid a dividend of $15,200,and issued more common stock for $27,500.What is total stockholders' equity at the end of the year?
A) $1,231,700.
B) $1,097,000.
C) $1,201,300.
Correct Answer:
Verified
Correct Answer:
Verified
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