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Sydney Company reported the following capital accounts at year-end: Share capital, par P25, authorized 150,000 shares, 55,000 shares Issued of which 5,000 shares are in
Sydney Company reported the following capital
accounts at year-end:
Share capital, par P25, authorized
150,000 shares, 55,000 shares
Issued of which 5,000 shares
are in treasury
1,375,000
Retained earnings
2,000,000
Treasury shares, at cost
150,000
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