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Determine common stock for pilozzi company

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Reference no: EM132462826

On December 31 of the current? year, Pilozzi Company has the following information? available:

Point 1: Common Stock ?$5 million

Point 2: Additional Paid-in Capital $4 million

Point 3: Retained Earnings $6 million

Point 4: Cash ?$6 million

Point 5: Investment in Trading Securities $50,000

Question 1: On December 31 of the current? year, can the Board of Directors declare and pay a cash dividend of $ 7 ?million?

Reference no: EM132462826

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