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Whetzel corporation reported net income of 150000 declared

Whetzel Corporation reported net income of $150,000, declared dividends on common stock of $45,000, and had an ending balance in retained earnings of $350,000. Common stockholders' equity was $710,000 at the beginning of the year and $850,000 at the end of the year.

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Accounting Basics: Whetzel corporation reported net income of 150000 declared

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Accounting Basics: Whetzel corporation reported net income of 150000 declared

Reference No:- TGS02584480

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