.the balance in retained earnings at december 31, 2020 was $1,440,000 and at december 31, 2021 was $1,164,000. net income for 2021 was $1,000,000. a stock dividend was declared and distributed which increased common stock $500,000 and paid-in capital $220,000. a cash dividend was declared and paid. the amount of the cash dividend was
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Category: literature |
Author: Selma Yafa
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