Question
What is the retained earnings for this data? The business issued 40,000 shares of the $1 Par common stock in exchange for this contribution. Cash
What is the retained earnings for this data?
The business issued 40,000 shares of the $1 Par common stock in exchange for this contribution. Cash dividend of $3,000 was paid to stockholders. Since there is only one stockholder, there is no Declaration or Record Date for this transaction.
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The Birth Of American Accountancy
Authors: Peter L. McMickle, Paul H. Jensen
1st Edition
0367534681, 9780367534684
