Reference no: EM13131093
Dec. 31, 2011, Doe corp. reported the following: Dividends payable 34,000; Treasury stock 550,000; Paid-in capital- share repurchase 34,000; Other paid-in capital accounts 5,400,000; Retained earnings 4,400,000.
During 2012, half of the treasury stock was resold for $270,000; net income was $550,000; cash dividends declared were $1,360,000; and stock dividends declared were $640,000. What was shareholders equity as of Dec 31, 2011? $9,318,000 ,$9,834,000 ,$9,250,000 ,$9,284,000
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