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Business, 03.09.2020 01:01 1846252

22. .The balance in retained earnings at December 31, 2020 was $1,440,000 and at December 31, 2021 was $1,164,000. Net income for 2021 was $1,000,000. A stock dividend was declared and distributed which increased common stock $500,000 and paid-in capital $220,000. A cash dividend was declared and paid. The amount of the cash dividend was a. $496,000. b. $556,000. c. $776,000. d. $1,276,000.

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22. .The balance in retained earnings at December 31, 2020 was $1,440,000 and at December 31, 2021 w...
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