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Show the capital accounts at the end of the first year of operation for a firm that, at the beginning of the year, issued 50,000 shares of $1.50 par value common stock for $15 per share, repurchased 5,000 shares during the year at $20 per share, and paid out (at the end of the year) 40% of earnings as dividends with a $0.50 per share dividend.

What are the retained earnings, common equity and treasury stock?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92772171

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