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Concord Corporation has issued 110,000 shares of $4 par value common stock. It was authorized 492,000 shares. The paid-in capital in excess of par value
Concord Corporation has issued 110,000 shares of $4 par value common stock. It was authorized 492,000 shares. The paid-in capital in excess of par value on the common stock is $259,000. The corporation has reacquired 6, 400 shares at a cost of $52,000 and is currently holding those shares. It also had accumulated other comprehensive income of $68,000. The corporation also has 1, 600 shares issued and outstanding of 10%, $103 par value preferred stock. It authorized 9, 200 shares. The paid-in capital In excess of par value on the preferred stock is $29, 900. Retained earnings is $369,000. Prepare the stockholders' equity section of the balance sheet
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