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Prepare the stockholders equity section of the balance sheet

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Question - Stockholders' Equity Section of Balance Sheet

The following accounts and their balances appear in the ledger of Cline Properties Inc. on April 30 of the current year:

Common Stock, $15 par

$166,500

Paid-In Capital in Excess of Par

13,320

Paid-In Capital from Sale of Treasury Stock

7,200

Retained Earnings

275,000

Treasury Stock

10,355

Prepare the Stockholders' Equity section of the balance sheet as of April 30. Fifty thousand shares of common stock are authorized, and 545 shares have been reacquired.

Reference no: EM131815157

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