The following information is available for the first year of operations of Creston Inc., a manufacturer of fabricating equipment: Sales $1,261,800 Gross profit 340,700 Indirect labor 113,600 Indirect materials 46,700 Other factory overhead 21,500
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On December 31, 2020, BEL Company had 300,000 shares of common stock issued and outstanding. BEL issued a 5% stock dividend on June 30, 2021. On September 30, 2021, 40,000 shares of common stock were reacquired as treasury stock.
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Shen purchased corporate stock for $20,000 on april 10, 2015. on july 14, 2017, when the stock was worth $12,000, shen died and his son, mijo, inherited the stock. mijo sold the stock for $14,200 on november 12, 2017.
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