A company reported the following amounts on its balance sheet at January 1 , 2 0 2
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Question:
A company reported the following amounts on its balance sheet at January :
Common Stock, $ par $
APIC Common
Retained Earnings
On Nov the company declared and distributed a stock dividend on common stock when the stock was selling at $ per share. On December the company reported yearly net income to be $ What is the Dec balance in Retained Earnings and APIC Common after closing entries?
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