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ABC has a corporate charter that authorizes it to issue up to 1 0 0 , 0 0 0 shares of $ 1 par value
ABC has a corporate charter that authorizes it to issue up to shares of $ par value common stock. The following events occur in :
On January ABC issues shares of common stock for $ per share. On April ABC declares a dividend of $ per share. On May the dividend is paid. On September ABC repurchases shares of its common stock for $ per share. On October ABC declares another $ per share dividend. On November the dividend is paid. ABC had $ in net income for the year.Question
What is the balance in Treasury Stock as of December
If the amount increases equity, enter it as a positive number. If the amount
decreases equity, enter it as a negative number. Enter your numbers with no dollar
signs and no commas. For example, if the answer is $ enter
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