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Flounder Corporation has the following accounts at December 31: Common Stock, $8 par, 4,850 shares issued, $38,800; Paid-in Capital in Excess of ParCommon Stock $31,700;
Flounder Corporation has the following accounts at December 31: Common Stock, $8 par, 4,850 shares issued, $38,800; Paid-in Capital in Excess of ParCommon Stock $31,700; Retained Earnings $48,000; and Treasury Stock, 600 shares, $14,400.
Question 3 of 5 -/2 View Policies Current Attempt in Progress Flounder Corporation has the following accounts at December 31: Common Stock, $8 par, 4,850 shares issued, $38,800; Paid-in Capital in Excess of Par-Common Stock $31,700; Retained Earnings $48,000; and Treasury Stock, 600 shares, $14,400. Prepare the stockholders' equity section of the balance sheet. (Enter the account name only and do not provide the descriptive information provided in the question.) FLOUNDER CORPORATION Balance Sheet (Partial) $ $ Textbook and MediaStep by Step Solution
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