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Bramble Corporation has been authorized to issue 2 0 , 5 0 0 shares of $ 1 0 0 par value, 1 0 % ,
Bramble Corporation has been authorized to issue shares of $ par value, preferred stock and shares of nopar common stock. The corporation assigned a $ stated value to the common stock. At December the ledger contained the following balances pertaining to stockholders' equity.Preferred Stock$Paidin Capital in Excess of ParPreferred StockCommon StockPaidin Capital in Excess of Stated ValueCommon StockTreasury Stock common sharesPaidin Capital from Treasury StockRetained EarningsThe preferred stock was issued for land having a fair value of $ All common stock issued was for cash. In November, shares of common stock were purchased for the treasury at a per share cost of $ In December, shares of treasury stock were sold for $ per share. No dividends were declared in Prepare the stockholders equity section at december
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