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6-4 Noric Cruises Inc. began the month of October with the following balances; Common Stock, $150,000; Additional Paid-in Capital, $3,225,000; and Retained Earnings, $12,400,000. During
6-4
Noric Cruises Inc. began the month of October with the following balances; Common Stock, $150,000; Additional Paid-in Capital, $3,225,000; and Retained Earnings, \$12,400,000. During June, Noric issued for cash 50,000 shares of common stock (with a stated value of \$1) at $16 per share. Noric reported the following results for the month ended October 31 : Prepare a statement of stockholders' equity for the month ended October 31 . If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank Step by Step Solution
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