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A building that originally cost $28,000, and which was three-fourths depreciated, was sold for $4,000. The common stock of Byrd Corporation was purchased for $4,000
- A building that originally cost $28,000, and which was three-fourths depreciated, was sold for $4,000.
- The common stock of Byrd Corporation was purchased for $4,000 as a long-term investment.
- Property was acquired by issuing a 11%, seven-year, $15,000 note payable to the seller.
- New equipment was purchased for $17,000 cash.
- On January 1, 2021, bonds were sold at their $25,000 face value.
- On January 19, Dux issued a 5% stock dividend (1,000 shares). The market price of the $10 par value common stock was $14 per share at that time.
- Cash dividends of $15,000 were paid to shareholders.
- On November 12, 500 shares of common stock were repurchased as treasury stock at a cost of $6,000.
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