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Problem - Reporting stockholders' equity
Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. Two-hundred thousand shares of common stock are authorized, and 24,000 shares have been reacquired.
Common Stock, $15 par $2,400,000
Paid-In Capital in Excess of Par 480,000
Paid-In Capital from Sale of Treasury Stock 100,000
Retained Earnings 5,275,000
Treasury Stock 336,000
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