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The West Hanover Clay Co. had, at the beginning of the fiscal year, November 1, 2009, retained earnings of $425,000. During the year ended October
The West Hanover Clay Co. had, at the beginning of the fiscal year, November 1, 2009, retained earnings of $425,000. During the year ended October 31, 2010, the company generated net income after taxes of $820,000 and paid out 35 percent of its net income as dividends. Compute the year-end balance of retained earnings. The change in owner's equity from 2009 to 2010 is $1,500,000, and beginning value of common stock is 750,000. Calculate ending value of common stock and decide whether the company sold new shares or repurchased, assuming that the company only had one of these transactions. ABC company has $6,700 and $9,200 for beginning and ending net fixed assets, respectively. Depreciation is recorded as 500. If the company sold $1,200 worth of fixed assets, how much in fixed assets did the company buy? CA: 300 1000 Curpent TA 750 Assets + Fixed Assets - Total Assets
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