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Byrne Corporation Had the Following Accounts at January 1, 2021

Question 193

Essay

Byrne Corporation had the following accounts at January 1, 2021: Byrne Corporation had the following accounts at January 1, 2021: During the year, the company paid the preferred dividend and paid a $ 1.50 dividend to the common shareholders. The company had profit of $ 333,000. Instructions Prepare the shareholders' equity section of the balance sheet at December 31, 2021. During the year, the company paid the preferred dividend and paid a $ 1.50 dividend to the common shareholders. The company had profit of $ 333,000.
Instructions
Prepare the shareholders' equity section of the balance sheet at December 31, 2021.

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