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Question 3 A company had the following sequential transactions during the year : 1) Issued 1,000 shares of $2 par value stock for $12 per

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Question 3 A company had the following sequential transactions during the year : 1) Issued 1,000 shares of $2 par value stock for $12 per share. 2) Repurchased 100 shares of stock at $10 per share. 3) Paid dividends of $1 per share. 4) Had $1,500 in net income. What is the total balance in equity as a result of these events? $11,600 $12.000 $10,100 $11,000

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