The financial statements of Noble Employment Services, Inc., reported the following accounts (adapted, with dollar amounts in

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The financial statements of Noble Employment Services, Inc., reported the following accounts (adapted, with dollar amounts in thousands except for par value):

Paid-in capital in excess of par. Other stockholders' equity (negative). Common stock, $0.01 par, 800,000 shares issued.


Net income has already been closed to Retained Earnings. Prepare the stockholders’ equity section of Noble’s balance sheet.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

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