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TB EX Qu. 10-173 (Algo) Prom Night Formal Wear has the following... Prom Night Formal Wear has the following stockholders' equity accounts at December
TB EX Qu. 10-173 (Algo) Prom Night Formal Wear has the following... Prom Night Formal Wear has the following stockholders' equity accounts at December 31, 2024: Common Stock, $1 par value, 1,900,000 shares; Additional Paid-in Capital, $24 million; Retained Earnings, $16 million; and Treasury Stock, 40,000 shares, $1.55 million. Required: Prepare the stockholders' equity section of the balance sheet. (Enter your answers in dollars, not in millions. For example, 5 million should be entered as 5,000,000. Amounts to be deducted should be indicated with a minus sign.)
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