### Warner Corporation Financial DataAs of December 31, 2021, Warner Corporation reported the following:- **Cash dividends payable:** $20,000- **Treasury stock:** $600,000- **Paid-in capital—share repurchase:** $20,000- **Common stock and other paid-in capital accounts:** $4,000,000- **Retained earnings:** $3,000,000#### Question:What was shareholders' equity as of December 31, 2021?#### Multiple Choice Options:- $7,020,000- $6,420,000- $6,400,000

Shareholders' equity is the total amount of ownership investment in a company.Shareholders' equity…

As of December 31, 2021, Warner Corporation reported the following: Cash dividends payable 20,000 600,000 20,000 Treasury stock Paid-in capital-share repurchase Common stock and other paid-in capital accounts Retained earnings 4,000,000 3,000,000 What was shareholders' equity as of December 31, 2021? Multiple Choice $7,020,000. $6,420,000. $6,400,000.

As of December 31, 2021, Warner Corporation reported the following: Cash dividends payable 20,000 600,000 20,000 Treasury stock Paid-in capital-share repurchase Common stock and other paid-in capital accounts Retained earnings 4,000,000 3,000,000 What was shareholders' equity as of December 31, 2021? Multiple Choice $7,020,000. $6,420,000. $6,400,000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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