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The financial statements for Highland Publications Corporation included the following selected information:
Common stock $ 520,000
Retained earnings $ 870,000
Net income $ 1,200,000
Shares issued 104,000
Shares outstanding 71,000
Dividends declared and paid $ 760,000
The common stock was sold at a price of $29 per share.
1. What is the amount of capital in excess of par?
2. What was the amount of retained earnings at the beginning of the year?
3. How many shares are in treasury stock?
4. Compute earnings per share. (Round your answer to 2 decimal places.)
The earned income credit:
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Respond to the following. Submit journal entries in the Excel Template and any written segments in the comments function in that spreadsheet.
Compute Dow's earnings per share for the year ended December 31, 2013. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Phil’s father died on January 10, 2014. The father had owned stock for 20 years with a basis of $45,000. Phil inherited the stock on August 10, 2014, when the stock was worth $430,000. The stock was worth $566,000 at the date of the father’s death. W..
Rensing, Inc., has $800,000 of 6 percent preferred stock and $1,200,000 of common stock outstanding, each having a par value of $10 per share
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