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The shareholders equity accounts of Blue Spruce Inc. have the following balances on December 31, 2020: Common shares, 380,000 shares issued and outstanding $ 8,740,000

The shareholders equity accounts of Blue Spruce Inc. have the following balances on December 31, 2020: Common shares, 380,000 shares issued and outstanding $ 8,740,000 Contributed surplus 2,000,000 Retained earnings 43,400,000 Common shares are currently trading on the Toronto Stock Exchange at $52.

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