ABC Ltd. issued 1,000 shares of $10 par value common stock on January 1, 2022, for $20
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Question:
ABC Ltd. issued 1,000 shares of $10 par value common stock on January 1, 2022, for $20 per share. On December 31, 2022, ABC Ltd. declared and paid a cash dividend of $3 per share.
a) What is the total amount of cash received by ABC Ltd. from the issuance of its common stock?
b) What is the total amount of retained earnings after the payment of the dividend?
c) What is the total amount of common stockholders' equity after the payment of the dividend?
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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