Question
Using the following accounts and balances, prepare the stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 4,500
Using the following accounts and balances, prepare the stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 4,500 shares have been reacquired. Common Stock, $70 par $2,380,000 Paid-In Capital in Excess of Par 142,070 Paid-In Capital from Sale of Treasury Stock 6,070 Retained Earnings 168,000 Treasury Stock 4,570 Stockholders' Equity Contributed capital: Common stock, $70 par (50,000 shares authorized, 34,000 issued Paid-in capital in excess of par Total contributed capital Total Total stockholders' equity 2,380,000 142,070 00000
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