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Corporate Earnings, Taxes, and Distributions


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LO 1 Compute and record corporate income tax.
LO 2 Record transactions involving cash dividends.
LO 3 Account for stock dividends and stock splits.
LO 4 Distribute dividends between common stock and preferred stock.
LO 5 Record purchases and sales of treasury stock.
LO 6 Describe events that can affect retained earnings.
LO 7 Prepare a statement of retained earnings.
LO 8 Prepare a statement of stockholders' equity.
LO 9 Compute earnings per share and describe its use.
LO 10 Compute price-earnings ratio and describe its use.
LO 11 Compute dividend yield and explain its use.










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