27. The shareholders' equity section of Ball Company's comparative balance sheets for the years ended December 31, 2021 and 2020, reported the following data:Common stock, $1 par per sharePaid-in capital-excess of parRetained earnings($ in millions)2021A. $28 millionB. $718 millionC. $130 millionD. $118 million$61छत लॅक बैंक2348622020$6030600During 2021, Ball declared and paid cash dividends of $90 million. The company also declared and issued a small stock dividend. No other changes occurred in sharesoutstanding during 2021. What was Ball's net income for 2021?

Income statement provide summary of all revenues and expenses.It provides true profit of the company…

Answered: 27. The shareholders' equity section of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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