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  3. ice industries inc. showed the following equity ac

Ice Industries inc. showed the following equity account balances at December 31, 2022: The company...

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Accounting

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Ice Industries inc. showed the following equity account balances at December 31, 2022: The company issued long-term debt during 2023 that requires a retained earnings restriction of $90,000. Share dividends declared but not distributed during 2023 totalled 8,800 shares capitalized for a total of $105,600. Required: a. Prepare a statement of changes in equity for the year ended December 31, 2023, assuming profit earned during the year was $133,800. (Negative answers should be indicated by a minus sign.) b. What is the maximum amount of dividends that the company can declare during 2024

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