The financial statements for Highland Corporation included the following selected information: Common stock $ 910,000...
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Accounting
The financial statements for Highland Corporation included the following selected information: Common stock $ 910,000 Retained earnings $ 820,000 Net income $ 1,000,000 Shares issued 91,000 Shares outstanding 71,000 Dividends declared and paid $ 600,000 The common stock was sold at a price of $28 per share. 2. What was the amount of retained earnings at the beginning of the year?
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