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On January 1st, one company has total stockholders' equity of $158,000. During the month, it had net income of $29,000 and paid off $36,000 in business debt. Assuming no other transcations occured during the month, one company's total stockholders' equtiy as of Janurary 31st is what?

On January 1st, one company has total stockholders' equity of $158,000. During the month, it had net income of $29,000 and paid off $36,000 in business debt. Assuming no other transcations occured during the month, one company's total stockholders' equtiy as of Janurary 31st is what?

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 17EA: Jesse and Mason Fabricating, Inc. general ledger has the following account balances at the end of...
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On January 1st, one company has total stockholders' equity of $158,000. During the month, it had net income of $29,000 and paid off $36,000 in business debt.

Assuming no other transcations occured during the month, one company's total stockholders' equtiy as of Janurary 31st is what?

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