Financial Accounting: Shares Issuance and Retirement
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Questions and Answers

How many common shares were retired by Crush Inc. during 2024?

30,000

How many preferred shares were issued by Crush Inc. during 2024?

50,000

What was the total equity of Crush Inc. as of December 31, 2024?

$9,310,000

What was the total contributed capital of Crush Inc. as of December 31, 2024?

<p>$8,200,000</p> Signup and view all the answers

How much profit did Crush Inc. report for the year ended December 31, 2024?

<p>$880,000</p> Signup and view all the answers

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