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Total assets Toal liabilities Common shares Retained apri Dec. 31, 2021 Dec. 31, 2020 $588,926 $576,843 $429,974 $399,846 $63,486 ?

Total assets Toal liabilities Common shares Retained apri Dec. 31, 2021 Dec. 31, 2020 $588,926 $576,843 $429,974 $399,846 $63,486 ?

FINANCIAL ACCOUNTING
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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Following information is related to Angel Inc.: Total assets Toal liabilities Answer Choices: a. $63,486 b. $66,275 c. $81,531 d. $96,787 Common shares Retained earnings Dec. 31, 2021 Dec. 31, 2020 $588,926 $576,843 $429,974 $399,846 $63,486 ? ? ? The company paid cash dividends of $15,256. Net income for the year ended 2021 is nil. Determine the amount of common shares as on Dec. 31, 2020
Transcribed Image Text:Following information is related to Angel Inc.: Total assets Toal liabilities Answer Choices: a. $63,486 b. $66,275 c. $81,531 d. $96,787 Common shares Retained earnings Dec. 31, 2021 Dec. 31, 2020 $588,926 $576,843 $429,974 $399,846 $63,486 ? ? ? The company paid cash dividends of $15,256. Net income for the year ended 2021 is nil. Determine the amount of common shares as on Dec. 31, 2020
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