Reference no: EM133109725
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
Use the information presented above to prepare the stockholders equity section of the balance sheet.
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