[The following information applies to the questions displayed below.] The financial statements for Highland Corporation included the following selected information: Common stock Retained earnings Net income Shares issued Shares outstanding Dividends declared and paid $ 465,000 $ 730,000 $ 1,110,000 93,000 68,000 $ 770,000 The common stock was sold at a price of $23 per share.

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 21E
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[The following information applies to the questions displayed below.]
The financial statements for Highland Corporation included the following selected information:
Common stock
Retained earnings
Net income
Shares issued
Shares outstanding
Dividends declared and paid
$ 465,000
$ 730,000
$ 1,110,000
93,000
68,000
$ 770,000
The common stock was sold at a price of $23 per share.
Transcribed Image Text:[The following information applies to the questions displayed below.] The financial statements for Highland Corporation included the following selected information: Common stock Retained earnings Net income Shares issued Shares outstanding Dividends declared and paid $ 465,000 $ 730,000 $ 1,110,000 93,000 68,000 $ 770,000 The common stock was sold at a price of $23 per share.
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