Presented below are selected accounts of Romans Corp for the current year, 2020: Common stock, $1 par
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Question:
- Presented below are selected accounts of Romans Corp for the current year, 2020:
Common stock, $1 par
250,000
Preferred stock, $25 par
1,250,000
APIC-Common stock
500,000
APIC-Preferred stock
600,000
Retained earnings
113,000
Treasury stock
350,000
There were 100,000 shares of preferred stock authorized, and 1 million shares of common stock authorized.
Prepare the stockholders equity section of a classified balance sheet in good format as of December 31, 2020. Make sure you show the amount of shares issued in proper format
Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
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