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The changes in account balances for Allen Inc. for 2018 are as follows: Assets Common stock Liabilities Paid-in capital-excess of par $250,000 debit 150,000 credit

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The changes in account balances for Allen Inc. for 2018 are as follows: Assets Common stock Liabilities Paid-in capital-excess of par $250,000 debit 150,000 credit 70,eee credit 20,000 credit Assuming the only changes in retained earnings in 2018 were for net Income and a $35.000 dividend, what was net Income for 2018? Multiple Choice 0 $20.000 0 $25.000 0 $45.000 0 510.000 On January 1, 2018 the board of director of Gotyy Inc. dedared a $610,000 dividend. The following data are from the balance sheet of Goby on that date $699 Common stock Paid-in capital - excess of par Retained earnings Paid in capital from sale of treasury stock How much is the liquidating dividend? Multiple Choice $252.000. None of these answer choices are correct. Oo oo O $152.000 5190.000 As of December 31, 2018, Warner Corporation reported the following Dividends payable Treasury stock Paid-in capital-share repurchase other paid in capital accounts Retained earnings $ 25,000 650, eee 25,000 4,5ee,eee 3,500,000 During 2019. half of the treasury stock was resold for $250,000, net Income was $650,000, cash dividends dedared were $1,550,000, and stock dividends declared were $550,000. What would shareholders' equity be as of December 31, 2019? Multiple Choice O $6.725.000 O $5.050.000 o 56.800.000 0 97725.000

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