Ingram Corporation has the following accounts at December 31, 2012: Share Capital Ordinary, C=10 par, 5,000 shares

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Ingram Corporation has the following accounts at December 31, 2012: Share Capital—

Ordinary, C=10 par, 5,000 shares issued, C=50,000; Share Premium—Ordinary C=10,000; Retained Earnings C=45,000; and Treasury Shares—Ordinary, 500 shares, C=11,000. Prepare the equity section of the statement of financial position.

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Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Ingram Corporation has the following accounts at December 31, 2012: Share Capital Ordinary, C=10 par, 5,000 shares

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Accounting Tools For Business Decision Making

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