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e NE, D f D, NE Y4. Lavigne purchases 100 shares of its own stock from shareholders for $1,000. The stock was issued for $300 originally 5. Lavigne declares a 2-for-1 stock split QUESTION 6 The Retained Earnings account balance for a large corporation is $10,000,000. This amount represents e a cumulative profits over time that have not been distributed to shareholders e b cash in the bank O C current year profits that have not been distributed to shareholders d. revenues since the inception of the corporation QUESTION 7 The balance of the s0.60 par Common stock account for Patnot Company was $60.000 before its recent 3-for 1 stoc stock was $30 per share Click Save and Submit to save and submit Cliek Save All Ansuers to saue all anstwers
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Solution a. Cummulative profits over time that have not been distributed to shareholders Answer: 6) Explanation: Because, the purpose (even name state) of retained earning account is to retain the profit after distribution which is consolidated and updated period on period according to net income and its distribution

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