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Question - Ellsworth Corporation was organized on January The following data were reported in the shareholders' equity section of the Brandon Industries' comparative balance sheets for the years ended December 31 ($ in millions):
2018
2017
Common stock, $1 par per share
$306
$300
Paid-in capital-excess of par
174
150
Retained earnings
314
300
During 2018, Brandon declared and paid cash dividends of $45 million. The company also issued a stock dividend. No other changes occurred in shares outstanding during 2018. What was Brandon's net income for 2018?
1. $14million
2. $59 million
3. $65million
4. $89 million
What is Carson's tax liability for the year in each of the following alternative circumstances
a company is setting its direct materials and direct labor standards for its leading product. materials costs from the
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