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Required information [The following information applies to the questions displayed below.] Williamson Corporation was organized to operate a tax preparation business. The charter authorized
Required information [The following information applies to the questions displayed below.] Williamson Corporation was organized to operate a tax preparation business. The charter authorized the following stock: common stock, $6 par value, 99,000 shares authorized. During the first year, the following selected transactions were completed: a. Sold 67,000 shares of common stock for cash at $49 per share. b. Repurchased 4,000 shares from a stockholder for cash at $51 per share. 2. Prepare the stockholders' equity section of the balance sheet at the end of the year. (Amounts to be deducted should be indicated with a minus sign.) Stockholders' equity: Contributed Capital: Common stock Stockholders' Balance Sheet (Partial) At End of This Year Additional paid-in capital Total contributed capital Retained earnings Treasury stock Total stockholders' equity $ 0
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