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28 Sep 2019
At the beginning of the current fiscal year, the balance sheetfor Sammy Co. showed liabilities of $320,000. During the yearliabilities decreased by $18,000, assets increased by $65,000, andpaid-in capital increased from $30,000 to $192,000. Dividendsdeclared and paid during the year were $25,000. At the end of theyear, stockholders
At the beginning of the current fiscal year, the balance sheetfor Sammy Co. showed liabilities of $320,000. During the yearliabilities decreased by $18,000, assets increased by $65,000, andpaid-in capital increased from $30,000 to $192,000. Dividendsdeclared and paid during the year were $25,000. At the end of theyear, stockholders |
Jamar FerryLv2
28 Sep 2019
