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The following information applies to the questions displayed beiow. The following account balances were selected...

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Accounting

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The following information applies to the questions displayed beiow. The following account balances were selected from the records of TAC Corporation at the end of the fiscal year after all adjusting entries were completed Common stock ($18 par value; 116,000 shares authorized, 37,000 shares issued, 32,000 shares outstanding) Additional paid-n capital Dividends declared and pald during the year Retained earnings at the beginning of the year Treasury stock at cost (5,000 shares) $666,000 173,000 15,000 69,000 (26,000) Net income for the year was $44,000. The stock price is currently $22.89 per share

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