Use the Pioneer Corporation data in E10 42B to prepare the stockholders ' equity section of the company 's balance sheet at December 31, 2017 Common stock $3 00 par value per share, 22 million shares issued $ 66 Paid in capital in excess of par value 33 Retained earnings 250 Treasury stock, at cost...

Millions Stockholders Equity Common stock 300 par value 32 millio ...

Use the Pioneer Corporation data in E10-42B to prepare the stockholders' equity section of the company's balance

Question:

Use the Pioneer data in E10-42B to prepare the stockholders' equity section of the company's at December 31, 2017.
Common stock $3.00 per share, 22 million shares issued............$ 66
Paid-in capital in excess of earnings.......................................................................250
Treasury stock, at cost ...............................................................(100)
Total stockholders' equity..........................................................S24v*
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...