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Hi I need help answering the following questions he helped me out step by step thank you As of December 31, 2021, Purdue Corporation reported
Hi I need help answering the following questions he helped me out step by step thank you
As of December 31, 2021, Purdue Corporation reported the following: Cash dividends payable Treasury stock Paid-in capital-share repurchase Common stock and other paid-in capital accounts Retained earnings 26,000 660,000 26,000 4,600,000 3,600,000 . During 2022, half of the treasury stock was resold for $252,000, net Income was $660,000, cash dividends declared were $560,000, and small stock dividends declared and distributed were $412,000 What would shareholders' equity be as of December 31, 2022? Multiple Choice None of these amounts is correct $7.996.000 58,918,000 $7.915.000 Step by Step Solution
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