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Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet using Method 1 (separating sources of additional paid-in capital). Fifty
Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet using Method 1 (separating sources of additional paid-in capital). Fifty thousand shares of common stock are authorized, and 5,000 shares have been reacquired. Common Stock, $50 par $1,250,000 Paid-In Capital in Excess of Par 800,000 Paid-In Capital from Sale of Treasury Stock 42,000 Retained Earnings 4,350,000 Treasury Stock 155,000
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