DE13-6 The Coca-Cola Company reported the following on its balance sheet at December 31. 1999 (adapted, amounts

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DE13-6 The Coca-Cola Company reported the following on its balance sheet at December 31. 1999 (adapted, amounts in millions, except for par value): Common stock, $0.25 par value Authorized: 5,600 shares Issued: 3.466 shares. $ 867 Paid-in capital in excess of par. Retained earnings... 2,584 20.773 1. Assume Coca-Cola issued all of its stock during 1999. Journalize the company's issuance of the stock for cash. 2. Was Coca-Cola's main source of stockholders' equity paid-in capital or profitable operations? How can you tell?

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Accounting

ISBN: 9780130906991

5th Edition

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

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