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Irwin Corporation has been authorized to issue 20,000 shares of $100 par value, 10%, noncumulative preferred stock and 1,000,000 shares of no-par common stock. The
Irwin Corporation has been authorized to issue 20,000 shares of $100 par value, 10%, noncumulative preferred stock and 1,000,000 shares of no-par common stock. The corporation assigned a $2.50 stated value to the common stock. At December 31, 2020, the ledger contained the following balances pertaining to stockholders equity.
CALCULATOR MESS Your answer Is partially correct. Try agaln. Prepare the stockholders' equity section at December 31, 2020. (Enter the account name only and do not provide the descriptive information provided in the question.) Irwin Corporation Balance Sheet (Partial) December 31, 2020 Total Labilitles and Stockholders' Equity Stockholders' Equity Pald-in Capltal Common Stock 1000000 Preferred Stock 120000 Total Pald-in Capltal 1120000 Additional Pald-in Capital Pald-In Capital In Excess of Par-Common Stock 1800000 Pald-In Capital In Excess of Par-Preferred Stock 20000 Pald-In Capital from Treasury Stock 1500 Total Labilities and Stockholders' Equity 1821500 Total Pald-in Capital 2941500 Retained Eamings 82000 Total Pald-in Capital and Retained Earnings 3023500 Accumulated Other ComprehensIve Income 51000 Treasury Stock Less 11000 3085500 Total Stockholders' Equity Open Show Work click if you would like to Show Work for this question: PStep by Step Solution
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