The shareholders' equity section of the balance sheet of The Claremont Company appeared as follows at the end of the first year of operations: Common stock, $0.04par value $240,000
Additional paid-in-capital 35,760,000
Retained earnings 12,800,000
Treasury stock (3,000,000)
Shareholders' equity $45,800,000

During the second year of operations, the following transactions occurred:

1. Generated net income of $2.4 million.
2. Paid a cash dividend of $0.6 million.
3. Purchased 100,000 shares of common stock at $3.8 per share.
4. Executed a 1-for-2 reverse stock split.

Required:
Prepare the shareholders' equity section of the balance sheet of Claremont Company at the end of the second year of operations.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total

the third answer is correct.

answer trochanter; i believe this is correct, plz check first, good luck;