The December 31, Year 4, balance sheet for Deen Company showed total stockholders equity of...
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Accounting
The December 31, Year 4, balance sheet for Deen Company showed total stockholders equity of $72,500. Total stockholders equity increased by $23,460 between December 31, Year 4, and December 31, Year 5. During Year 5, Deen Company acquired $20,000 cash from the issue of common stock. The Company paid a $7,500 cash dividend to the stockholders during Year 5
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