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Compete the amount of retained earnings available

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Reference no: EM132561135

Question - At the beginning of 2021, Bramble Corp. had retained earnings of $324000. During the year Bramble reported net income of $74100, sold treasury stock at a "gain" of $27100, declared a cash dividend of $45100, and declared and issued a small stock dividend of 1430 shares ($10 par value) when the fair value of the stock was $32 per share. Compete the amount of retained earnings available for dividends at the end of 2021?

a. $354430.

b. $22500.

c. $328690.

d. $307240.

Reference no: EM132561135

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