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ABC Company's total stockholders' equity at the beginning of the year was $200,000.During the year ABC reported the following: Net loss of $30,000.
Stock issued in exchange for land totaling $80,000.
Collections of accounts receivable $40,000.
Dividends declared and paid totaling $2,000.
What is ABC's total stockholders' equity at the end of the year?
A) $348,000.
B) $288,000.
C) $248,000.
D) $168,000.
On May 28, 2024