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FX Services reported the following as of December 31,2022 : During 2023 , half of the treasury stock was resold for $252,000; net income was
FX Services reported the following as of December 31,2022 : During 2023 , half of the treasury stock was resold for $252,000; net income was $660,000; cash dividends declared were $1,560,000; and stock dividends declared were $560,000. The 2023 sale of half of the treasury stock would: (Hint: Write the entire journal entry on a piece of scratch paper, then look to see if one of your debits or credits reduces or increases the account balances in any of the ways shown below): FX Services reported the following as of December 31,2022 : During 2023 , half of the treasury stock was resold for $252,000; net income was $660,000; cash dividends declared were $1,560,000; and stock dividends declared were $560,000. The 2023 sale of half of the treasury stock would: (Hint: Write the entire journal entry on a piece of scratch paper, then look to see if one of your debits or credits reduces or increases the account balances in any of the ways shown below)
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