Question
Bramble Corp. has issued96,000shares of $7par value common stock. It was authorized509,000shares. The paid-in capital in excess of par value on the common stock is
Bramble Corp. has issued96,000shares of $7par value common stock. It was authorized509,000shares. The paid-in capital in excess of par value on the common stock is $267,000. The corporation has reacquired7,600shares at a cost of $46,500and is currently holding those shares. It also had accumulated other comprehensive income of $63,000.
The corporation also has2,900shares issued and outstanding of8%, $105par value preferred stock. It authorized10,400shares. The paid-in capital in excess of par value on the preferred stock is $26,800. Retained earnings is $386,000.
Prepare the stockholders equity section of the balance sheet
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