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Fastco Corp. reports net income of $20,000, and other comprehensive loss of $5,000 (net of tax) for the year ended December 31. 2020. The December
Fastco Corp. reports net income of $20,000, and other comprehensive loss of $5,000 (net of tax) for the year ended December 31. 2020. The December 31, 2020, balance in accumulated other comprehensive income is $15.000 (credit balance) and the balance in retained earnings is $100.000 (credit balance). The ending balance in accumulated other comprehensive income on December 31, 2019 is O $105,000 credit balance. $10,000 credit balance. O $20.000 credit balance. $15,000 credit balance. Which of the following transactions decreases total assets? 1. A property dividend II. A stock dividend III. A cash dividend O I and III only. O land ll only. O III only. O I, II, and
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