Question
Do It! Review 11-4a Ayayai Corp. has issued 98,000 shares of $6 par value common stock. It was authorized 503,000 shares. The paid-in capital in
Do It! Review 11-4a Ayayai Corp. has issued 98,000 shares of $6 par value common stock. It was authorized 503,000 shares. The paid-in capital in excess of par value on the common stock is $269,000. The corporation has reacquired 6,200 shares at a cost of $55,000 and is currently holding those shares. It also had accumulated other comprehensive income of $64,000. The corporation also has 1,600 shares issued and outstanding of 9%, $104 par value preferred stock. It authorized 10,200 shares. The paid-in capital in excess of par value on the preferred stock is $24,800. Retained earnings is $373,000. Prepare the stockholders equity section of the balance sheet. (Enter account name only and do not provide descriptive information.) AYAYAI CORP. Balance Sheet (Partial) $ $ : $ By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor.
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