S.B. Industries began the year with 400,000 shares of $1 par common stock and retained...
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Accounting
SB Industries began the year with shares of $ par common stock and retained earnings of $ Early in the year, SB declared and distributed a stock dividend when shares were trading at $ per share. Near the end of the year, SB declared a cash dividend of $ per share, payable in the following year.
SBs end of the year retained earnings balance was:
Select one:
a $
b None of the Retained Earnings amounts are correct.
c $
d $
e $
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