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Question 7 An analyst gathered the following information about a company: Net income - $800.000 The firm began the year with 70,000 common shares outstanding

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Question 7 An analyst gathered the following information about a company: Net income - $800.000 The firm began the year with 70,000 common shares outstanding and non-convertible preferred stock with total dividends of $24.000. . In the past year, the company had the following common stock transactions: February 28: declared a 2 for 1 stock split March 31: issued 10,000 new common shares The company's capital structure would be classified as: Complex Simple Complicated Limited

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