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On January 1, 2024, the board of directors of Goby Incorporated declared a $690,000 dividend. The following data is from the balance sheet of
On January 1, 2024, the board of directors of Goby Incorporated declared a $690,000 dividend. The following data is from the balance sheet of Goby on that date: Common stock Paid-in capital-excess of par Retained earnings Paid-in capital-share repurchase How much is the liquidating dividend? $ 610,000 410,000 539,000 61,000 Multiple Choice $151,000 $280,000 $341,000 None of these answer choices are correct.
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