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The following information was extracted from the records of TAC Corporation at the end of the fiscal year after all adjusting entries were completed: Common
The following information was extracted from the records of TAC Corporation at the end of the fiscal year after all adjusting entries were completed: Common stock ($20 par value; 100,000 shares authorized, 34,000 shares issued, 32,000 shares outstanding) $ 680,000 Additional paid-in capital 163,000 Dividends declared and paid during the year 16,000 Retained earnings at the beginning of the year 75,000 Treasury stock
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