ch 18 1 - Assignment Print View Score 50/50 Points Page 1...

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Score: 50/50 Points 100 % Page 1 of 6 Assignment Print View 5/23/2016 http://ezto.mheducation.com/hm_accounting.tpx?todo=printview
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1. Award: 10 out of 10.00 points You received credit for this question in a previous attempt As of December 31, 2016, Warner Corporation reported the following: Dividends payable $22,000 Treasury stock 620,000 Paid-in capital – share repurchase 22,000 Other paid-in capital accounts 4,200,000 Retained earnings $3,200,000 During 2017, half of the treasury stock was resold for $260,000; net income was $620,000; cash dividends declared were $1,480,000; and stock dividends declared were $520,000. What was shareholders' equity as of December 31, 2016? $6,780,000. $7,422,000. $6,824,000. $6,802,000. Paid-in capital – share repurchase $ 22,000 Other paid-in capital accounts 4,200,000 Retained earnings 3,200,000 Treasury stock (620,000) Total shareholders’ equity $6,802,000 References Multiple Choice Learning Objective: 18-01 Describe the components of shareholders' equity and explain how they are reported in a statement of shareholders' equity. Page 2 of 6 Assignment Print View 5/23/2016 http://ezto.mheducation.com/hm_accounting.tpx?todo=printview
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2. Award: 10 out of 10.00 points You did not receive credit for this question in a previous attempt
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