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Business, 21.04.2020 17:41 bossefamily1

Dab Corporation was organized on January 1, Year 1. During Year 1, Dab had the following transactions relating to shareholders' equity:Issued 28,000 shares of common stock in exchange for cash of $442,400Reported net income of $98,000Reported net holding gains on available-for-sale investments in debt securities of $1,000Paid dividends of $54,000What is total shareholders’ equity at the end of Year 1?please explain how/show work,

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Dab Corporation was organized on January 1, Year 1. During Year 1, Dab had the following transaction...
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