Reference no: EM132089171
Question: At December 31, Idaho Company had the following ending account balances:
Retained Earnings: $250,000
Preferred Stock ($100 par, 7% cumulative, 10,000 authorized, 5,000 issued and outstanding): $500,000
Treasury Stock: $40,000
PaidIn Capital in Excess of Par-Common Stock: $625,000
PaidIn Capital in Excess of Par-Preferred Stock: $50,000
Common Stock ($5 par value, 500,000 shares authorized, 105,000 issued): $525,000
Prepare the stockholders' equity section of the balance sheet in good form with all of the required disclosures.
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: At December 31, Idaho Company had the following ending account balances: Prepare the stockholders' equity section of the balance sheet in good.
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