On the basis of the following data for Breach Co. for the current and preceding years ended
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On the basis of the following data for Breach Co. for the current and preceding years ended December 31. Assume that equipment costing $25,000 was purchased for cash and no long term assets were sold during the period.
Stock was issued for cash?3,200 shares at par.
Net income for the current year was $76,000.
Cash dividends declared and paid were $13,000.
Related Book For
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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