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If dividends of $72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings? Stockholders' equity Paid-in capital Preferred stock,
If dividends of $72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings?
Stockholders' equity Paid-in capital Preferred stock, cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding Common stock, no par 0,000 shares authorized 580,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (6,000 common shares) Total stockholders' equity 600,000 2,900,000 3,500,000 1,158,000 4,658,000 32,000 $4,626,000
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