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Determine stockholders equity section of the balance sheet

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Reference no: EM132465441

1.Common stock, $47 par                                       $3,102,000.00

2.Paid-In Capital from Sale of Treasury Stock                  110,000.00

3.Paid-In Capital in Excess of Par-Common Stock              264,000.00

4.Retained Earnings                                                  20,762,600.00

5.Treasury Stock                                                          295,800.00

Question problem 1: Prepare the Stockholders' Equity section of the balance sheet as of June 30. Eighty thousand shares of common stock are authorized, and 8,700 shares have been reacquired. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtractive or negative numbers use a minus sign.

 

Reference no: EM132465441

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