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Wendell Company provided the following pertaining to its accounting year that ended December 31,2019: • Common stock with a $10,000 par value was sold for $50,000 cash
• Cash dividends totaling $20,000 were declared,of which $15,000 were paid
• Net income was $70,000
• A 5% stock dividend resulted in a common stock distribution,which had a $5,000 par value and a $23,000 market value
• Treasury stock repurchased in a prior year for $9,000 was resold for $7,000 and in the journal entry to record the sale,Additional paid-in capital was debited for the amount of the difference between the repurchase price and the resale price
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What is the amount of increase in Wendell's total stockholders' equity for the year ended December 31,2019?
Expected Activity Times
The average durations that tasks or activities are anticipated to take, often used in project management and planning.
CPM Network
A project management tool that uses Critical Path Method (CPM) for planning, scheduling, and controlling complex projects by identifying critical and non-critical tasks.
Predecessors
Entities or elements that precede others in a sequence or process, often used in project management to denote tasks that must be completed before others can start.
Successor
An entity or person that follows another in a specific role, position, or title, inheriting responsibilities or assets.
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