Puppet Corporation began with an investment by shareholders of $20,000. a. In its first year,...
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Puppet Corporation began with an investment by shareholders of $20,000. a. In its first year, the income earned was $2,000. What would the equity section of its balance sheet show at year end? $ Common stock Retained earnings Total Stockholders' Equity $ b. In the second year, it had an income of $9,000 and a dividend of $3,000 was paid. What would the equity section of its balance sheet show at year end? Common stock Retained earnings Total Stockholders' Equity $ c. In the third year, Puppet sold more shares for a value of $10,000, earned income of $5,000 and paid a dividend of $2,500. What would the equity section of its balance sheet show at year end? $ Common stock Retained earnings Total Stockholders' Equity $
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