Question
Bramble Corporation has issued 122,000 shares of $4 par value common stock. It authorized 488,000 shares. The paid-in capital in excess of par on the
Bramble Corporation has issued 122,000 shares of $4 par value common stock. It authorized 488,000 shares. The paid-in capital in excess of par on the common stock is $252,000. The corporation has reacquired 7,200 shares at a cost of $48,000 and is currently holding those shares. The corporation also has 1,500 shares issued and outstanding of 7%, $100 par value preferred stock. It authorized 10,500 shares. The paid-in capital in excess of par on the preferred stock is $28,000. Retained earnings is $351,000. Prepare the stockholders equity section of the balance sheet. (Enter the account name only and do not provide the descriptive information provided in the question.)
Question 8 of 24 0.77 Stockholders' Equity Paid in Capital Capital Stock Preferred Stock 488,000 Common Stock 150,000 Total Capital Stock $ Additional Paid-in Capital Paid in Capitalin Excess of Par-Preferred Stock $ 252.000 Pald-in Capitalin Excess of Par-Common Stock 28,000 here to search o 2 59'E 181C24508111a/question? omework uestion 8 of 24Step by Step Solution
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