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Using the following accounts and balances, prepare the stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and
Using the following accounts and balances, prepare the stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 3,000 shares have been reacquired. Common Stock, $40 par $1,560,000 Paid-In Capital in Excess of Par 240,040 Paid-In Capital from Sale of Treasury Stock 6,040 Retained Earnings 158,000 Treasury Stock 4,540 Stockholders' Equity Contributed capital: Total contributed capital Total Total stockholders' equity
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