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On January 1 , 2 0 2 4 , Dolar Incorporated had the following account balances in its shareholders' equity accounts. During 2 0 2
On January Dolar Incorporated had the following account balances in its shareholders' equity accounts.
During Dolar Incorporated had several transactions relating to common stock.
January : Declared a property dividend of shares of Burak Company book value $ per share, fair value
$ per share
February : Distributed the property dividend.
April : A for stock split was declared and distributed on outstanding common stock and effected in the form of a
stock dividend. Dolar chose to reduce Paidin capitalexcess of par. The fair value of the stock was $
on this date.
July : Declared and distributed a stock dividend on outstanding common stock. The fair value is $ per share.
December : Declared a cents per share cash dividend on the outstanding common shares.
December : Paid the cash dividend.
Required:
Without preparing journal entries, prepare the shareholders' equity section of Dolar's balance sheet as of December Assume
net income is $ for
Note: Negative amounts should be entered with a minus sign.
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