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A comparative balance sheet for Cheyenne Corporation is presented below. Additional information: 1. Cash dividends of $31,610 were declared and paid. 2. Bonds payable of

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A comparative balance sheet for Cheyenne Corporation is presented below. Additional information: 1. Cash dividends of $31,610 were declared and paid. 2. Bonds payable of $24,530 were converted to common stock. Land was sold at cost and no land was purchased. is

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