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1 points ABC corporation writes off a clients account because the client is no longer...

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Accounting

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1 points ABC corporation writes off a clients account because the client is no longer in business. Wat is the impact of this transaction on ABCs financial statements A Stockholders' equity will increase. B. Stockholders' equity will decrease. Stockholders' equity will not change DD. None of the above XYZ corporation has one class of stock common stock. The company has 300 000 shares issued 250,000 outstanding and 90.000 sures in the treasury ok. The par valur per share is 51.00. The price for which each share was issued at was $10,00. Retained earnings at the beginning of the period is $100.000. Nel income for the period is 350,000 DIN period, XYZ declared dividends of $4.00 per share The treasury shares were purchased at $10 per share How much is the total amount of dividends reported on the statement of retained earning CA $200,000 OD 1,000,000 OC 51,200,000 D.None of the above

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