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Need the answers for 23,24 and 25 The total stockholders' equity of Hale Corporation is $7, 800,000. $7, 950,000. $6, 300,000. $6, 450,000 Glavine Company

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The total stockholders' equity of Hale Corporation is $7, 800,000. $7, 950,000. $6, 300,000. $6, 450,000 Glavine Company issues 6,000 shares of its $5 par value common stock having a value pf $25 per share and 9,000 shares of its $15 par value preferred stock having a fair value of $20 per share for a lump sum of $310,000. The proceeds allocated to the common stock is $124,000 $140, 909 $150,000 $169, 091 Long Co. issued 100,000 shares of $10 par common stock for $1, 200,000. A year later Long acquired 16,000 shares of its own common stock at $15 per share. Three months later Long sold 8,000 of these shares at $19 per share. If the cost method is used to record treasury stock transactions, to record the sale of the 8,000 treasury shares, Long should credit Treasury Stock for $152,000. Treasury Stock for $80,000 and Paid-in Capital from Treasury Stock for $72,000. Treasury Stock for $120,000 and Paid-in Capital from Treasury Stock for $32,000. Treasury Stock for $120,000 and Paid-in Capital in Excess of Par for $32,000

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