How much is the liquidating dividend

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Question - On January 1, 2021, the board of directors of Goby Inc. declared a $580,000 dividend. The following data is from the balance sheet of Goby on that date:

Common stock $580,000

Paid-in capital-excess of par 380,000

Retained earnings 432,000

Paid-in capital-share repurchase 58,000

Required - How much is the liquidating dividend?

Reference no: EM133129948

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