Dunn, Inc., started the year with total assets of $1,400,000 and total liabilities of $240,000. Net income for the year is $1,000,000 and dividends declared and paid during the year are $450,000.
A)What is the amount of Dunn's Total Stockholders' Equity at the end of the year?
B)Could Dunn have paid additional dividends during the year? Explain your answer.

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The Answer of Dunn, Inc., started the year with total assets of $1,400,000 and total liabilities of $240,000. Net income for the year is $1,000,000 and dividends declared and paid during the year are $450,000.
A)What is the amount of Dunn's Total Stockholders' Equity at the end of the year?
B)Could Dunn have paid additional dividends during the year? Explain your answer.

Dunn, Inc, Started the Year with Total Assets of $1,400,000 and and Total