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XYZ Company reported $237,110 profit for 2020. It declared preferred dividend of $36,000 for 2020. At the beginning of 2020, XYZ had 52,000 outstanding common
- XYZ Company reported $237,110 profit for 2020. It declared preferred dividend of $36,000 for 2020. At the beginning of 2020, XYZ had 52,000 outstanding common shares. The following events changed number of outstanding shares in 2020:
June 1 Sold 20,000 common shares for cash.
Aug 31 Purchased and retired 12,000 common shares.
Oct 1 Completed a 3 for 1 share split.
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Accounting Information And Equity Valuation Theory, Evidence, And Applications
Authors: Guochang Zhang
1st Edition
1461481597, 9781461481591
