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Tammijones
Sep 24, 2008, 10:49 AM
The total equity of Pogo Company at the beginning of the 2006 period amounted to $2,500. During 2006 the company reported net income of $1,200 and paid a $500 dividend. If retained earnings at the end of 2006 is $1,100, what was the beginning contributed capital?
A. Cannot be determined
B. $400
C. $2,100
D. $1,200

AdamUTsel
Sep 24, 2008, 11:20 AM
Beginning OE
+Net Income
-Dividends paid
-Ending retained earnings
=Contributed Capital during the period