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New Orleans Chemicals Company follows the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance
New Orleans Chemicals Company follows the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: New Orleans Chemicals Company Comparative Balance Sheet December 31, 2024 and 2023 2024 2023 Common Stock Retained Earnings Treasury Stock Total Equity $35,000 159,000 (8,400) $185,600 $2,300 89,000 (5,200) $86,100 Increase/(Decrease) $32,700 70,000 (3,200) $99,500 Net Income for 2024 was $93,000. Based on the above information, determine the amount of dividends declared during 2024.
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Financial Accounting The Impact on Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
9th edition
130565417X, 1305654174, 9781285972572 , 978-1285182964
