Image transcription text The … Show more Image transcription text The … Show more Image

Image transcription text
The
…
Show more
Image transcription text
The
…
Show more
Image transcription text
Treasury stock originally repurchased and carried at $12? per share was sold
for cash at $153 per share. |:| Increased the corporation’s 2021 net income. |:|
Decreased the corporation’s 2021 net income. |:| Increased the c…
Show more
Image transcription text
The corporation wrote off all of the unamortized discount applicable to bonds
that it refinanced in 2021. Increased the corporation’s 2021 net income.
Decreased the corporation’s 2021 net income. Increased the cor…
Show more
Image transcription text
The corporation called in all its outstanding shares of stock and exchanged
them for new shares on a 2-for-1 basis, reducing the par value at the same
time to $50 per share. O Increased the corporation’s 2021 net in…
Show more
Image transcription text
The corporation paid a cash dividend that had been recorded in the accounts
at time of declaration. Increased the corporation’s 2021 net income.
Decreased the corporation’s 2021 net income. Increased the cor…
Show more
Image transcription text
Litigation involving Wainwright Inc. as defendant was settled in the
corporation’s favor, with the plaintiff paying all court costs and legal fees. In
2018, the corporation had appropriately established a special con…
Show more
Image transcription text
The corporation received a check for the proceeds of an insurance policy from
the company with which it is insured against theft of trucks. No entries
concerning the theft had been made previously, and the proceed…
Show more
Image transcription text
Treasury stock, which had been repurchased at and carried at $127 per share,
was issued as a stock dividend. In connection with this distribution, the board
of directors of Wainwright Inc. had authorized a transfer from ret…
Show more