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As of December 31, 2024, Purdue Corporation reported the following: During 2025 , half of the treasury stock was resold for $278,000; net income was
As of December 31, 2024, Purdue Corporation reported the following: During 2025 , half of the treasury stock was resold for $278,000; net income was $790,000; cash dividends declared were $690,000 and small stock dividends declared and distributed were $438,000. What would shareholders' equity be as of December 31,2025 ? Multiple Choice None of these amounts is correct As of December 31, 2024, Purdue Corporation reported the following: During 2025 , half of the treasury stock was resold for $278,000; net income was $790,000; cash dividends declared were $690,000 and small stock dividends declared and distributed were $438,000. What would shareholders' equity be as of December 31,2025 ? Multiple Choice None of these amounts is correct
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