Find the impact to retained earnings

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Question

1) Genesis Company has the following items: treasury stock, $120,000; common stock, $825,000; deferred income taxes, $185,000, retained earnings, $430,000, and paid in capital in excess of par $400,000. Help find the total amount should Genesis Company report as stockholders' equity? (Please show all work)

2) In 2016 Coulter Corporation had revenues of $625,000, expenses of $150,000, and declared dividends of $85,000. Help find the impact to Retained Earnings? (Please show all work)

3) Bonds will sell for a ________ when the market rate of interest exceeds their stated rate.

Reference no: EM132314918

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