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Renee Corporation has the following stockholders' equity information: Retained earnings is 51,775,000, and the cost of treasury shares is $1,119,000. Required: Prepare the stockholders' equity
Renee Corporation has the following stockholders' equity information: Retained earnings is 51,775,000, and the cost of treasury shares is $1,119,000. Required: Prepare the stockholders' equity portion of Renee's balance sheet. Stockholders' equity: Preferred stock, 510 oar, 40,000 shares authorized, 8,000 shares issued and outstanding Common stock, 55 par, 750,000 shares authorized, 300,000 thares isfued, and 250,000 shares outstanding Additional paid-in capital: Total additional paid-in capital Total capital stock Total stockholders' equity
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