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On June 30, 2020, when Wenn Inc.'s shares were selling at $32 per share, its capital accounts were as follows: Common Shares, no par, 40,000
On June 30, 2020, when Wenn Inc.'s shares were selling at $32 per share, its capital accounts were as follows: Common Shares, no par, 40,000 shares issued and outstanding......................................... $1,500,000 Retained Earnings.... 2,600,000 If a 5% stock dividend were declared and distributed, the Common Shares account balance would be
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