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Chapter 13 Problem 10E (Recording and reporting treasury stock transactions) Book ISBN:9780073379548 Viewing the Stockholders' equity as it appears on Oct 10th The retained earnings
Chapter 13 Problem 10E (Recording and reporting treasury stock transactions) Book ISBN:9780073379548
Viewing the Stockholders' equity as it appears on Oct 10th
The retained earnings ($864,000) don't add up to the Common Stock ($720,000) + Paid-in-Captiol in excess of par value,common stock ($216,000).
Common stock-$10 par value, 72,000 shares authorized, issued, and outstanding...$720,000
Paid-in captiol in excess of par value,common stock $216,000
Retained Earnings $864,000
Total stockholders equity $1,800,000
Not sure what I am missing here...
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