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Need portions b & c answered... Thank you The following account balances relate to the stockholders' equity accounts of Splish Brothers Inc. at year-end. A
Need portions b & c answered... Thank you
The following account balances relate to the stockholders' equity accounts of Splish Brothers Inc. at year-end. A small stock dividend was declared and issued in 2022. The market price of the shares was $11,500. Cash dividends of $16,900 were declared and paid in both 2022 and 2021. The common stock and preferred stock have no par or stated value. (a) What was the amount of net income reported by Splish Brothers inc. in 2022? Determine the amounts of any cash inflows or outflows related to the common stock and dividend accounts in 2022. Commonstock $ Dividends eTextbook and Media Attempts: 0 of 3 used (c) The parts of this question must be completed in order. This part will be available when you complete the part above Step by Step Solution
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