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Business, 01.03.2021 07:30 cierraandgarett8950

Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows: The investments were sold for $175,000 cash. Equipment and land were acquired for cash. There were no disposals of equipment during the year. The common stock was issued for cash. There was a $500,000 credit to Retained Earnings for net income. There was a $90,000 debit to Retained Earnings for cash dividends declared.

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Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows:...

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