FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Premium Blinds Ltd. specializes in the manufacture of custom and pre-finished blinds and drapes for
windows and doors. The firm was founded by Bill Khadim, who retired 10 years ago and now lives in
Orlando, Florida. When he retired, Bill assigned 60% of the shares of the corporation to Sara Khadim, his
daughter. Much of Bill's retirement income comes from the dividends he receives on his remaining
Premium Blinds shares. Premium Blinds is now run by Sara. There are no other shareholders.
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