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Solving for Stockholders' Equity Amounts Assume that the following amounts are known for Colten Company for the current year Retained Earnings, beginning balance Retained Earnings,
Solving for Stockholders' Equity Amounts Assume that the following amounts are known for Colten Company for the current year Retained Earnings, beginning balance Retained Earnings, ending balance Net income Fair value of large stock dividend declared i Dividend Payable, beginning balance Dividend Payable, ending balance Required: $346,000 415,000 190,000 42,000 125,000 138,000 1. Assume that the only other areount that affected Retained Earnings during the year was a cash dividend that was declared. Compute the amount of the cash dividend declared during the current year 2. Compute the amount of cash dividends actually paid in cash ti stockholders during the year
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