ABC, Inc. Shareholders Equity Paid-in capital: Common stock, 300,000 shares at $1.00 par $300,000 Paid-in capital in
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Question:
ABC, Inc. Shareholders’ Equity | |
Paid-in capital: | |
Common stock, 300,000 shares at $1.00 par | $300,000 |
Paid-in capital in excess of par | 600,000 |
Less: Treasury stock, 50,000 shares at cost | (50,000) |
Total shareholders’ equity | $850,000 |
In Texas, the number of treasury shares owned by the shareholders of ABC, Inc. are:
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Related Book For
Financial Accounting
ISBN: 978-0470507018
7th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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