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2. Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and
2. Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 5,000 shares have been re-acquired. 5. Arthur Corp. issued $2,500,000 of 10 -year, 9% callable bonds on January 1, 2012, with interest payable on June 30 and December 31. The market rate of interest on that date was 8%. The company used the effective interest method to write off any unamortized bond discount or premium. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions: 6. From the following data for Noll Company for the current fiscal year ended December 31 , prepare a multiple-step income statement. Show parenthetically earnings per share for the following: income from continuing operations, loss on discontinued operations (less applicable income tax), , and net income
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