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As of December 31, 2021, Lenoir Corporation reported the following: Cash dividends payable Treasury stock Paid-in capital-share repurchase Common stock and other paid-in capital
As of December 31, 2021, Lenoir Corporation reported the following: Cash dividends payable Treasury stock Paid-in capital-share repurchase Common stock and other paid-in capital accounts 3:30 Mc Staw $ 27,000 670,000 27,000 4,700,000 3,700,000 Retained earnings During 2022, half of the treasury stock was resold for $254,000; net income was $670,000, cash dividends declared were $1,570,000, and stock dividends declared were $570,000 The 2022 sale of half of the treasury stock would Multiple Choice Increase total shareholders' equity by $335,000 < Prev 12 of 30 Next >
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