Business, 04.05.2021 23:00 carterjpowell77
The financial statements for Highland Corporation included the following selected information:
Common stock $465,000
Retained earnings $830,000
Net income $1,120,000
Shares issued 93,000
Shares outstanding 65,000
Dividends declared and paid $720,000
The common stock was sold at a price of $33 per share.
Required:
a. What is the amount of additional paid-in capital?
b. What was the amount of retained earnings at the beginning of the year?
c. How many shares are in treasury stock?
Answers: 3
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The financial statements for Highland Corporation included the following selected information:
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