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Fundamental question on accounting for corporations.
Boswell Corporation has the following stockholders' equity accounts:
Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Paid-in Capital from Treasury Stock-Common Retained Earnings Treasury Stock-Common
Instructions Classify each account using the following tabular alignment.
Paid in capital
Retained
Capital Stock
Additional
Earnings
Others
1
Preferred Stock
2
Paid in capital in excess of par value-
3
Common Stock
4
5
paid in capital from
treasury stock- Common
6
Retained Earnings
7
Treasury Stock- Common
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