Question
I think that I have most of the values correct. I just need a little reassurance. Below is the problem I am working on. -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
I think that I have most of the values correct. I just need a little reassurance. Below is the problem I am working on.
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Riverbed Corp has issued110,000shares of $5par value common stock. It was authorized499,000shares. The paid-in capital in excess of par value on the common stock is $275,000. The corporation has reacquired7,700shares at a cost of $50,500and is currently holding those shares. It also had accumulated other comprehensive income of $70,000.
The corporation also has1,800shares issued and outstanding of7%, $100par value preferred stock. It authorized9,500shares. The paid-in capital in excess of par value on the preferred stock is $28,600. Retained earnings is $390,000.
Prepare the stockholders' equity section of the balance sheet.(Enter account name only and do not provide descriptive information.)
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