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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 1,500
Using the following accounts and balances, prepare the stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 1,500 shares have been reacquired. Common Stock, $50 par $1,950,000 Paid-In Capital in Excess of Par 162,050 Paid in Capital from Sale of Treasury Stock 6,050 Retained Earnings 117,000 Treasury Stock 4,550 Stockholders' Equity Contributed capital: $ Total contributed capital $ Total $ Treasury stock Total stockholders' equity $
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