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What was the amount of retained earnings

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Question - The financial statements for Highland Publications Corporation included the following selected information:

Common stock $1,515,000

Retained earnings $880,000

Net income $1,130,000

Shares issued 101,000

Shares outstanding 73,000

Dividends declared and paid $710,000

The common stock was sold at a price of $27 per share.

What is the amount of capital in excess of par?

What was the amount of retained earnings at the beginning of the year?

Reference no: EM132103771

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