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Tantramar Corporation Has the Following Shareholders Equity on July 31

question 167

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Tantramar Corporation has the following shareholders equity on July 31, 2020: Tantramar Corporation has the following shareholders equity on July 31, 2020:   Assume that on June 15, 2021, Tantramar paid the preferred dividend for the current year (there were no dividends in arrears)  and paid a dividend of $ 2 to each common shareholder. The company earned $ 45,000 in profit during 2021. The July 31, 2021 financial statements will show an ending balance in retained earnings of A)  $ 500,000. B)  $ 545,000. C)  $ 475,000. D)  $ 430,000. Assume that on June 15, 2021, Tantramar paid the preferred dividend for the current year (there were no dividends in arrears) and paid a dividend of $ 2 to each common shareholder. The company earned $ 45,000 in profit during 2021. The July 31, 2021 financial statements will show an ending balance in retained earnings of

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False Endorsements

misleading approvals or support, often used in advertising, suggesting that a product or service is recommended by someone who has not actually endorsed it.

Social Media

Platforms on the internet that enable users to create, share content, or participate in social networking.

Utility

Refers to the usefulness or practicality of an object, idea, or service, especially in terms of satisfying needs or wants.

Contract Law

The branch of legal study that deals with the creation, enforcement, and legality of agreements between two or more parties.

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