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Problem:
1. True or False: Taylor Inc recently repurchased 5.6 million shares of common stock at a price of $43 per share. One plausible reason for this is that the company feels that its stock is overvalued at the current market price.
2. The stockholders' equity of Taylor Inc. at December 31, 2011, appears below:
Common stock, $16 par value, 200,000 shares authorized,120,000 shares issued and outstanding
2,640,000
Paid-in capital in excess of par value
1,000,000
Retained earnings
1,480,000
During 2012, the following transactions occurred:
Compute the year-end balance of the retained earnings for 2012.
Summary of problem:
These short answer questions belong to Finance. The 1st question is a true or false statement and the 2nd question is about calculating the retained earnings for the year.
1. you borrow 5000 at a simple 15 interest rate from your friend for 18 months in order to purchase new furniture and
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