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Required information The following information applies to the questions displayed below Global Marine obtained a charter from the state in January that authorized 1,000,000 shares

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Required information The following information applies to the questions displayed below Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, S5 par selected transactions occurred in the order given: value. During the first year, the company earned $5440.000 of net income, declared no dividends, and the folowing Issued 110.000 shares of the cormm on stock at $59 cash per share. b Reacquired 29,000 shares at $54 cash per share. C. Reissued 12,000 shares from treasury for $55 per share. d. Reissued 12,000 shares from treasury for $53 per shere Prepare the stockholders equity section of the balance sheet at December 31. (Amounts to be deducted should be indicated by a minus sign.) 3. GLOBAL MARINE Balance Sheet (Partial) At December 31 Stockholders' Equity Contributed Capital: Total Contributed Capital Total Total Stockholders' Equity Noyt

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