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Identifying and Analyzing Financial Statement Effects of Stock Repurchase and Dividends Quinn Company has outstanding 17.500 shares of $10 par value common stock that was
Identifying and Analyzing Financial Statement Effects of Stock Repurchase and Dividends Quinn Company has outstanding 17.500 shares of $10 par value common stock that was issued for an average of 124 per share it also has $359,800 of retained earnings. The company repurchas 1,400 shares at $32 per share. Near the current yearend the company dedares and pays a cash duidend of $1.00 per shane. Use the financial statement effects template to recond sal the share repurchase and Ihl the dividend transaction Note: For each account category, indicate the appropriate account name. Enter "NA" for any account category that is not used for a given tration Notes indicate a decrease in an account category by including a negative sign with the amount Dhooperme Cah Cash 260 Contri Capital 10 Add F Capital Income
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