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Rolman Corporation is authorized to issue 1 , 0 0 0 , 0 0 0 shares of $ 5 par value common stock. In its
Rolman Corporation is authorized to issue shares of $ par value common stock. In its first year, the company has the following stock transactions.
Jan. Issued shares of stock at $ per share.
Sept. Purchased shares of common stock for the treasury at $ per share.
Dec. Declared a cash dividend of cents per share on common stock outstanding.
Prepare the stockholders equity section of the balance sheet, assuming the company had retained earnings of $ on December and an accumulated other comprehensive loss of $
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