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Lou Company has December 31, Year 1 balances of AOCI $27,000 (debit), APIC $77,000, and Retained Earnings $313,000. For Year 2, the company has net
- Lou Company has December 31, Year 1 balances of AOCI $27,000 (debit), APIC $77,000, and Retained Earnings $313,000. For Year 2, the company has net income of $17,000, an unrealized gain on available-for-sale securities of $18,000 , and the issuance of treasury stock costing $22,000 for $29,000. The ending Year 2 balances for AOCI, APIC, and Retained Earnings are, respectively
a. $45,000, $84,000, and $330,000
b. $9,000, $70,000, and $330,000
c. $9,000, $84,000, and $330,000
d. $9,000, $84,000, and $296,000
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College Accounting Chapters 1-12 With Study Guide And Working Papers
Authors: Jeffrey Slater
13th Edition
0133866300, 9780133866308
