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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 2,000 shares have been reacquired. Common Stock, $60 par $1,980,000 Paid-In Capital in Excess of Par 132,000 Paid in Capital from Sale of Treasury Stock 6,060 Retained Earnings 110,000 Treasury Stock 4,560 Stockholders' Equity Paid-in capital Total Total stockholders' equity
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