Question:
A corporation has the folloeing accounts at December 31: common stock, $10 par, 5,000 shares; paid-in capital in excess of Par Value $10,000; Retained Earnings $39,000; and Treasury stock - Common , 500 shares, $11,000. prepare the stockholders equity section of the balance sheet
Answer:
Common Stock 50,000
Additional Paid in Capital 10,000
Treasury Stock 11,000
Retained Earnings 39,000
Total Stockholder Equity 110,000
Maybe a better order to list them, but I can't remember that rule.
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