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Flint Corporation has issued 109,000 shares of $4 par value common stock. It was authorized 501.000 shares. The pald.in capital in excess of par value
Flint Corporation has issued 109,000 shares of $4 par value common stock. It was authorized 501.000 shares. The pald.in capital in excess of par value on the common stock is $276.000. The corporation has reacquired 6,300 shares at a cost of $48,000 and is currently holding those shares. It also had accumulated other comprehensive income of $64,000 The corporation also has 1.000 shares issued and outstanding of 7%, $102 par value preferred stock. It was authorized 9,900 shares. The paid-in capital in excess of par value on the preferred stock is $31,000. Retained earnings is $364,000 Prepare the stockholders equity section of the balance sheet. (Enter account none only ond do not provide descriptive information) FLINT CORPORATION Balance Sheet (Partial) . . $ . $ . FLINT CORPORATION Balance Sheet (Partial) . . . 2 2 . $ Save for later Attempts: 0 of
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