Question
Flounder Corp. has issued103,000shares of $6par value common stock. It was authorized499,000shares. The paid-in capital in excess of par value on the common stock is
Flounder Corp. has issued103,000shares of $6par value common stock. It was authorized499,000shares. The paid-in capital in excess of par value on the common stock is $258,000. The corporation has reacquired6,700shares at a cost of $48,500and is currently holding those shares. It also had accumulated other comprehensive income of $61,000.
The corporation also has2,700shares issued and outstanding of8%, $104par value preferred stock. It authorized9,800shares. The paid-in capital in excess of par value on the preferred stock is $28,400. Retained earnings is $377,000.
Prepare the stockholders' equity section of the balance sheet.(Enter account name only and do not provide descriptive information.)
also I'm missing once section title in the balance sheet and can't figure it out
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