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Lisgar Corporation's shareholders' equity section at the beginning and end of 20x7 were as follows: Common shares Retained Earnings Jan 1, 20x7. Dec 31, 20x7
Lisgar Corporation's shareholders' equity section at the beginning and end of 20x7 were as follows: Common shares Retained Earnings Jan 1, 20x7. Dec 31, 20x7 $813635 $771163 509620 630064 The following transactions took place during the yea Feb. 20 Issued 5000 common shares for $113122 cash 111111 TIITTI August 1 Retired 10000 common Dec. 31 Reported net income of $1 How much cash did Lisgar Co. receive on the August 1 retirement of common shares? Assume the company did not declare any dividends during the year. Select one: O a. $54728 O b. $926757 O c. $155594 O d. $210322 Check
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