Question: nstructions Idvanced Life Co . : Common stock ( 1 , 0 0 0 , 0 0 0 shares authorized; 5 0 0 , 0

nstructions
Idvanced Life Co.: Common stock (1,000,000 shares authorized; 500,000 shares issued), $4 par, $2,000,000; Paid-in capital in xcess of par-common stock, $900,000; and Retained earnings, $33,875,000. The board of directors declared a 3% stock dividend ven the market price of the stock was $14 a share. Advanced Life Co. reported no income or loss for the current year.
nstructions Idvanced Life Co.: Common stock (1,000,000 shares authorized; 500,000 shares

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