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Business, 29.01.2021 17:20 jm482931

Superior has provided the following information for its recent year of operation: The common stock account balance at the beginning of the year was $20,000 and the year-end balance was $25,000. The additional paid-in capital account balance increased $2,500 during the year. The retained earnings balance at the beginning of the year was $75,000 and the year-end balance was $91,000. Net income was $26,000. How much were Superior's dividend declarations during its recent year of operation?
A. 10,000
B. 42,000
C. 26000
D. The dividend declarations can not be determined given the above information.

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Superior has provided the following information for its recent year of operation: The common stock a...
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