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Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 90,000
Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 90,000 shares of common stock authorized, and 10,000 shares have been reacquired. $5,760,000 346,000 Common Stock, $80 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings 2,016,000 3,053,000 Treasury Stock 194,000 Stockholders' Equity Paid-In Capital: Common Stock, $80 Par Excess over par Paid-in capital, common stock From Sale of Treasury Stock Total Paid-in Capital Retained Earnings s Total Treasury Stock Total Stockholders' Equity
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