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Duke Corporation Reports the Following Components of Stockholders' Equity on December

question 87

Multiple Choice

Duke Corporation reports the following components of stockholders' equity on December 31,2013:
$\begin{array}{lr}\text { Common stock }-\$ 25 \text { par value, } 95,000 \text { shares authorized, } 45,000 \text { shares }\\\text { issued and outstanding } & \$ 1,125,000 \\ \text { Paid-in capital in excess of par value, common stock } &60,000 \\\text { Retained earnings } &460,000 \\ \text { Total stockholders' equity } & \$ 1,645,000\end{array}$

$\text { In 2014, the following transactions affected its stockholders' equity accounts: }$

Jan. 1 Purchased 4,500 shares of its own stock at $\$ 27$ cash per share.
Jan. 5 Directors declared a $\$ 3$ per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record.

Feb. 28 Paid the dividend declared on January 5.
Mar. 3 Sold 1,000 shares of treasury stock for $\$ 28$ per share.
May 25 Sold 1,000 shares of treasury stock for $\$ 16$ per share.
June 15 Directors declared a $\$ 1.50$ per share cash dividend payable on July 15 to the June 30 stockholders of record.

July 15 Paid the dividend declared on June 15 .

What is the amount in the Retained Earnings account immediately after the dividend on July 15?

Definitions:

Standard Psychoanalysis

A therapeutic method developed by Freud focusing on uncovering unconscious conflicts and motivations through techniques like dream analysis and free association.

Blank Screen

A therapeutic technique where the therapist remains neutral and refrains from disclosing personal views, encouraging patients to project their feelings or thoughts unconsciously.

Transference

A phenomenon in psychotherapy where patients project feelings or attitudes from past relationships onto the therapist.

Personal Therapy

A form of psychotherapy focusing on the individual's personal issues and goals, often tailored to meet the unique needs of the client.