Kagan Corporation was organized on January 2, 2014. During 2014, Kagan issued 40,000 shares at $24 per

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Kagan Corporation was organized on January 2, 2014. During 2014, Kagan issued 40,000 shares at $24 per share, purchased 6,000 shares of treasury at $26 per share, and earned net income of $600,000.

What is the total amount of shareholders' equity as of December 31, 2014?

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Fundamental Accounting Principles Volume II

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14th Canadian Edition

Authors: Larson Kermit, Jensen Tilly

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Posted Date: May 10, 2023 08:14 AM

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Kagan Corporation was organized on January 2, 2014. During 2014, Kagan issued 40,000 shares at $24 per

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