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Business, 03.03.2020 03:38 bmr12

On January 1, C company sells 50,000 shares of $3 par common stock for $5. It does not issue any preferred stock. Later on the company buys back 10% of its common shares outstanding for $7 per share. Total equity on December 31 is $300,000. What is retained earnings on December 31

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On January 1, C company sells 50,000 shares of $3 par common stock for $5. It does not issue any pre...
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