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Grove corp. purchased equipment at a cost of $260,000 in january, 2010. as of january 1, 2014, depreciation of $88,000 had been recorded on this asset. depreciation expense for 2014 is $22,000. after the adjustments are recorded and posted at december 31, 2014, what are the balances for the depreciation expense and accumulated depreciation?
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Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?
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Grove corp. purchased equipment at a cost of $260,000 in january, 2010. as of january 1, 2014, depre...
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