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The following stockholders' equity accounts arranged alphabetically are in the ledger of Tyner Corporation at December 31, 2010. Common Stock ($5 stated value) $2,000,000 Paid-in
The following stockholders' equity accounts arranged alphabetically are in the ledger of Tyner Corporation at December 31, 2010. Common Stock ($5 stated value) $2,000,000 Paid-in Capital from Treasury Stock 10,000 Paid-in Capital in Excess of Stated Value-Common Stock 1,600,000 Paid-in Capital in Excess of Par Value-Preferred Stock 679,000 Preferred Stock (8%, $50 par, noncumulative) 800,000 Retained Earnings 1,748,000 Treasury Stock-Common (10,000 shares) Prepare a stockholders' equity section at December 31, 2010. (For multiple entries, refer to the example on page 589 DO IT! in the textbook for the proper order.)
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