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On January 1, 2018, the board of directors of Goby Inc. declared a $700,000 dividend. The following data are from the balance sheet of Goby
On January 1, 2018, the board of directors of Goby Inc. declared a $700,000 dividend. The following data are from the balance sheet of Goby on that date:
| Common stock | $ | 570,000 | |
| Paid-in capital excess of par | $ | 370,000 | |
| Retained earnings | $ | 553,000 | |
| Paid-in capital from sale of treasury stock | $ | 57,000 | |
How much is the liquidating dividend?
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CPA Comprehensive Exam Review Auditing And Attestation
Authors: Nathan M. Bisk
43rd Edition
088128095X, 978-0881280951
