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(Solved): Current Attempt in Progress The following are comparative balance sheets for Vaughn Company. VAUGHN ...
Current Attempt in Progress
The following are comparative balance sheets for Vaughn Company.
VAUGHN Company
Comparative Balance Sheets
December 31
Additional information:
Net income for 2022 was $104,800.
Depreciation expense was $31,800.
Cash dividends of $41,700 were declared and paid.
Bonds payable with a carrying value of $52,900 were redeemed for $52,900 cash.
Common stock was issued at par for $40,200 cash.
No equipment was sold during 2022.
Land was sold for its book value. a - sign e.g.
-15,000, or in parenthesis e.g. (15,000).
