GabbyLandry
GabbyLandry
22.04.2020 • 
Business

On January 1, 2014 Gucci Brothers Inc. had a $500,000 credit balance in retained earnings and $600,000 balance in common stock. During 2014, the company earned net income of $100,000, declared a dividend of $15,000, and issued additional stock for $25,000. What is total stockholders’ equity on December 31, 2014?

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