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Redfox Pest Control Service had revenues of $425,000 and expenses of $338,000 for the current year ended June 30. At the beginning of the year, common stock was $110,000 and retained earnings was $70,000. During the year, Redfox issued an additional $25,000 in stock and paid dividends of $16, 750. What is the amount of total stockholders' equity at the end of the year? a. $292,000 b. $205, 250 c. $267,250 d. S 275, 250

Redfox Pest Control Service had revenues of $425,000 and expenses of $338,000 for the current year ended June 30. At the beginning of the year, common stock was $110,000 and retained earnings was $70,000. During the year, Redfox issued an additional $25,000 in stock and paid dividends of $16, 750. What is the amount of total stockholders' equity at the end of the year? a. $292,000 b. $205, 250 c. $267,250 d. S 275, 250

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Redfox Pest Control Service had revenues of $425,000 and expenses of $338,000 for the current year ended June 30. At the beginning of the year, common stock was $110,000 and retained earnings was $70,000. During the year, Redfox issued an additional $25,000 in stock and paid dividends of $16, 750. What is the amount of total stockholders' equity at the end of the year? a. $292,000 b. $205, 250 c. $267, 250 d. $ 275, 250
Transcribed Image Text:Redfox Pest Control Service had revenues of $425,000 and expenses of $338,000 for the current year ended June 30. At the beginning of the year, common stock was $110,000 and retained earnings was $70,000. During the year, Redfox issued an additional $25,000 in stock and paid dividends of $16, 750. What is the amount of total stockholders' equity at the end of the year? a. $292,000 b. $205, 250 c. $267, 250 d. $ 275, 250
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