Question

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1)What is the total stockholders' equity based on the following account balances? Common Stock $1750000 Paid-In...

1)What is the total stockholders' equity based on the following account balances?

Common Stock

$1750000

Paid-In Capital in Excess of Par

130000

Retained Earnings

350000

Treasury Stock

75000

a)$2155000.

b)$2305000.

c)$1765000.

d)$2175000

2)

Sunland Company purchased treasury stock with a cost of $56700 during 2017. During the year, the company paid dividends of $20600 and issued bonds payable for proceeds of $902300. Cash flows from financing activities for 2017 total

a)$77300 net cash outflow.

b)$825000 net cash inflow.

c)$881700 net cash inflow.

d)$938400 net cash inflow.

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