Pls fast sir Following information is related to Angel Inc.:Total assetsToal liabilitiesAnswer Choices:a. $63,486b. $66,275c. $81,531d. $96,787Common sharesRetained earningsDec. 31,2021Dec. 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

Lets understand the basics.Common stock is a owner of the entity. This type of shareholders gets…

Answered: Total assets Toal liabilities Common…

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

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...

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Question

Pls fast sir

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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