Question: On January 1 , 2 0 2 4 , the board of directors of Tara Incorporated declared a $ 7 1 0 , 0 0

On January 1,2024, the board of directors of Tara Incorporated declared a $710,000 dividend. The following data is from the balance sheet of Tara on that date:
\table[[Common stock,$640,000
On January 1 , 2 0 2 4 , the board of directors

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