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Prepare the stockholders equity section of the balance sheet

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Question - The following information is given to you from the books of the Finance Corporation of The Bahamas (Finco) on December 31, 2019.

Authorized shares of 100,000 shares of common stock of $1 par.

Additional paid in capital from issue of common stock $10,000

Issued shares of common stock 50,000 shares

Outstanding shares of common stock 49,000 shares

Treasury stock, 1,000 shares at cost $15,000

Retained earnings balance $105,000

Required - Use the information presented above to prepare the stockholders' equity section of the balance sheet.

Reference no: EM133099351

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