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Alpha corp was organized on january 2 2018 use this

Question - Alpha Corp. was organized on January 2, 2018. During the first year of operation, Alpha issued 100,000 shares of $1 par value of common stock @ a price of $50 per share. On December 31st, Alpha reported Net Income $250,000 and paid $50,000 cash dividends. Use this information to to determine the dollar amounts of that Alpha will report at its year end balance sheet.

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Accounting Basics: Alpha corp was organized on january 2 2018 use this

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