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Title: Wheeler Corporation had retained earnings as of 12/31/10 of $15 million. During 2011, Wheeler's net ...
Post by: samualson on Jul 4, 2018
Wheeler Corporation had retained earnings as of 12/31/10 of $15 million. During 2011, Wheeler's net income was $7 million. The retained earnings balance at the end of 2011 was equal to $20 million. Therefore,
A) Wheeler paid a dividend in 2010 of $5 million.
B) Wheeler paid a dividend in 2010 of $2 million.
C) Wheeler sold common stock during 2010 for $5 million.
D) Wheeler purchased treasury stock in 2010 for $2 million.


Title: Wheeler Corporation had retained earnings as of 12/31/10 of $15 million. During 2011, Wheeler's net ...
Post by: Marc18 on Jul 4, 2018
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Title: Wheeler Corporation had retained earnings as of 12/31/10 of $15 million. During 2011, Wheeler's net ...
Post by: samualson on Jul 4, 2018
Good timing, thanks!