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A comparative balance sheet and income statement is shown for Cruz, Incorporated. 1. Assume that all common stock is issued for cash. What amount of

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A comparative balance sheet and income statement is shown for Cruz, Incorporated. 1. Assume that all common stock is issued for cash. What amount of cash dividends is paid during 2021 ? 2. Assume that no additional notes payable are issued in 2021 . What cash amount is paid to reduce the notes payable balance in 2021

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