TB MC Qu. 18-26 (Algo) As of December... As of December 31, 2024, Purdue Corporation reported the following: Cash dividends payable. Treasury stock Paid-in capital-share repurchase 4,300,000 Common stock and other paid-in capital accounts Retained earnings 3,300,000 During 2025, half of the treasury stock was resold for $246,000; net income was $630,000; cash dividends declared were $530,000; and small stock dividends declared and distributed were $406,000. What would shareholders' equity be as of December 31, 2025? Multiple Choice OOOO None of these amounts is correct. $7,339,000 $7,408,000 $8,339,000 $ 23,000 630,000 23,000
TB MC Qu. 18-26 (Algo) As of December... As of December 31, 2024, Purdue Corporation reported the following: Cash dividends payable. Treasury stock Paid-in capital-share repurchase 4,300,000 Common stock and other paid-in capital accounts Retained earnings 3,300,000 During 2025, half of the treasury stock was resold for $246,000; net income was $630,000; cash dividends declared were $530,000; and small stock dividends declared and distributed were $406,000. What would shareholders' equity be as of December 31, 2025? Multiple Choice OOOO None of these amounts is correct. $7,339,000 $7,408,000 $8,339,000 $ 23,000 630,000 23,000
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:TB MC Qu. 18-26 (Algo) As of December...
As of December 31, 2024, Purdue Corporation reported the following:
Cash dividends payable
Treasury stock
Paid-in capital-share repurchase
Common stock and other paid-in capital accounts
Retained earnings
During 2025, half of the treasury stock was resold for $246,000; net income was $630,000; cash dividends declared were $530,000; and small stock dividends declared and distributed were $406,000.
What would shareholders' equity be as of December 31, 2025?
Multiple Choice
None of these amounts is correct.
O $7,339,000
O $7,408,000
O $8,339,000
$ 23,000
630,000
23,000
4,300,000
3,300,000
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