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How much is the liquidating dividend

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Question - On January 1, 2021, the board of directors of Goby Inc. declared a $630,000 dividend. The following data is from the balance sheet of Goby on that date:

Common stock $590,000

Paid-in capital-excess of par 390,000

Retained earnings 481,000

Paid-in capital-share repurchase 59,000

Required - How much is the liquidating dividend?

Reference no: EM133152399

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