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The following information was extracted from the records of TAC Corporation at the end of the fiscal year after all adjusting entries were completed:
The following information was extracted from the records of TAC Corporation at the end of the fiscal year after all adjusting entries were completed:
tableCommon stock $ par value; shares,authorized shares issued, shares,outstanding$Additional paidin capital,Dividends declared and paid during the year,Retained earnings at the beginning of the year,Treasury stock at cost sharesNet income,$Current stock price,$
Required
Prepare the stockholders' equity section of the balance sheet at the end of the fiscal year.
Note: Amounts to be deducted should be indicated by a minus sign.
tableTAC CORPORATION,Balance Sheet PartialAt End of This Fiscal Year,,Stockholders equity:,,Contributed capital,,$Total contributed capital,,$Total stockholders' equity,,
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