Business, 04.12.2019 02:31 johnkings140
The adkins corporation’s december 31, 20x4, balance sheet had a common stock balance of $975,000 and a retained earnings balance of $535,000. the cash budget for 20x5 shows payment of dividends of $24,375 and purchase of $100,000 of the corporation’s own stock to be used for stock options for key employees. the budgeted income statement shows net income for 20x5 of $127,000. determine the total stockholders’ equity on the budgeted balance sheet at december 31, 20x5.
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The adkins corporation’s december 31, 20x4, balance sheet had a common stock balance of $975,000 and...
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