A corporation that was well established had very little share activity during the past year. The...

 

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A corporation that was well established had very little share activity during the past year. The following table shows the balances for the equity accounts, and the amounts for related activities. How much did the corporation declare in dividends for the year? Preferred shares converted to common Contributed surplus Profit Shareholders' equity, beginning Shareholders' equity, ending $100,000 65,000 3,692,000 3,692,000 A corporation that was well established had very little share activity during the past year. The following table shows the balances for the equity accounts, and the amounts for related activities. How much did the corporation declare in dividends for the year? Preferred shares converted to common Contributed surplus Profit Shareholders' equity, beginning Shareholders' equity, ending $100,000 65,000 3,692,000 3,692,000

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