ABC Toy Company earned $357 million of net income in 2023 and paid $45 million in dividends.
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ABC Toy Company earned $357 million of net income in 2023 and paid $45 million in dividends. It issued no new stock. Complete the stockholders’ equity section for ABC Toy Company:
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(in millions) Common Stock, Par Value Additional Paid-in Capital in Excess of Par - Common Retained Earnings Accumulated other comprehensive income (loss) Total Stockholders' Equity 2022 $ 100 1,245 A B $1,717 December 31 2023 C D 1,104 53 E
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A We use the relationship Beginning Retained Earnings plus Net Income minus Dividends D...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 9780136946694
3rd Edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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