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BCD Toy Company earned $423 million of net income in 2023 and paid $70 million in dividends. It issued no new stock. Complete the stockholders'
BCD Toy Company earned $423 million of net income in 2023 and paid $70 million in dividends. It issued no new stock. Complete the stockholders' equity section for BCD Toy Company. (Click the icon to view the Stockholders' Equity section.) (Use parentheses or a minus sign for a reduction in stockholders' equity) On March 15, Sweet Company acquired 21,000 shares of its own $1 par value common shares at a cost of $25 per share. Sweet had originally issued the shares at \$21 per share. On July 5 , Sweet retired all of the shares (rather than holding shares in the treasury and reissuing them). Prepare the journal entries to record the acquisition and retirement of the treasury shares. Assume that the par value of additional paid-in capital-retired shares is \$0. (Record debits first, then credits. Exclude explanations from any journal entries.) March 15: Sweet acquired 21,000 shares of common stock to be held in the treasury at a cost of $25 per share. July 5 . Sweet retired all of the shares
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