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QUESTION

On January 1, 2014, Mather Corporation had Retained Earnings of $625,000. During the year, Mather had the following selected transactions:1.Declared...

On January 1, 2014, Mather Corporation had Retained Earnings of $625,000. During the year, Mather had the following selected transactions:

1.

 

Declared stock dividends of $40,000.

 

2.

 

Declared cash dividends of $50,000.

 

3.

 

A 2 for 1 stock split involving the issue of 200,000 shares of $5 par value common stock for 100,000 shares of $10 par value common stock.

 

4.

 

Suffered a net loss of $80,000.

 
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