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The following information was extracted from the records of Cascade Company at the end of...

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Accounting

The following information was extracted from the records of Cascade Company at the end of the fiscal year after all adjusting entries were completed: Common stock ($0.01 par value; 300,000 shares authorized, 59,000 shares issued, 57,000 shares outstanding) $ 590 Additional paid-in capital 466,000 Dividends declared and paid during the year 27,000 Retained earnings at the end of the year 322,000 Treasury stock at cost (2,000 shares) (20,000) Net income $ 100,000 Current stock price $ 15 Required: Prepare the stockholders' equity section of the balance sheet at the end of the fiscal year. Compute the dividend yield ratio. Determine the number of shares of stock that received dividends

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