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21-25 Use the following to answer questions 18 - 22 Attention Men's Wear, Inc. Balance Sheet (Stockholders' Equity Section) At December 31, 20XE Preferred stock,
21-25
Use the following to answer questions 18 - 22 Attention Men's Wear, Inc. Balance Sheet (Stockholders' Equity Section) At December 31, 20XE Preferred stock, S100 par value $100,000 Common stock, So.10 par value 80,000 Additional Paid in capital 14.725,000 Total paid in capital 14,905,000 Retained earnings 1,000,000 Treasury stock (625.000 Total stockholders' equity $15,280,000 21. $ If retained earnings at the beginning of the period was $785,000 and Net income was $347,000, what were the declared dividends for the year? Use the following to answer questions 23 - 26 T Corporation was organized on January 3, 20XE. The firm was authorized to issue 100,000,000 shares of $0.05 par common stock. During 20XE, T had the following transactions relating to shareholders' equity, including earning $790,000 in net income for 20XE. Effect on Total Stockholders Equity Per share Shares Common stock APIC Issued common stock (January S15.00 400,000 Issued common stock (July) $19.00 200,000 Outstanding shares 590,000 Dividends declared S1.00 Treasury stock $22.00 Net income for the year 23. $ What is the additional paid- in capital at the end of 20XE? What is total Paid-in capital at 24. $ the end of 20XE? 25. $ What is total retained earnings at the end of 20XE? What is total stockholders 26. $ equity at the end of 20XE Step by Step Solution
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