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Prepare the shareholders equity section of the balance sheet

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Question - Kaposi corporation has the following accounts at December 31, 2003: common shares, no par value, unlimited number of shares authorized, 5,000 issued, $50,000; contributed capital in Excess stated Value-preferred shares $10,000; preferred shares, 8% cumulative, $25 stated value, unlimited number of shares authorized,  800  shares issued, $20,000; and retained earnings, $29,000. Prepare the shareholders equity section of the balance sheet?

Reference no: EM132947261

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