Ayayai Corp. has issued 98,000 shares of $6 par value common stock. It was authorized 503,000...
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Ayayai Corp. has issued 98,000 shares of $6 par value common stock. It was authorized 503,000 shares. The paid-in capital in excess of par value on the common stock is $269,000. The corporation has reacquired 6,200 shares at a cost of $55,000 and is currently holding those shares. It also had accumulated other comprehensive income of $64,000. The corporation also has 1,600 shares issued and outstanding of 9%, $104 par value preferred stock. It was authorized 10,200 shares. The paid-in capital in excess of par value on the preferred stock is $24,800. Retained earnings is $373,000. Prepare the stockholders' equity section of the balance sheet. (Enter account name only and do not provide descriptive information.) Ayayai Corp. has issued 98,000 shares of $6 par value common stock. It was authorized 503,000 shares. The paid-in capital in excess of par value on the common stock is $269,000. The corporation has reacquired 6,200 shares at a cost of $55,000 and is currently holding those shares. It also had accumulated other comprehensive income of $64,000. The corporation also has 1,600 shares issued and outstanding of 9%, $104 par value preferred stock. It was authorized 10,200 shares. The paid-in capital in excess of par value on the preferred stock is $24,800. Retained earnings is $373,000. Prepare the stockholders' equity section of the balance sheet. (Enter account name only and do not provide descriptive information.)
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Stockholders Equity Common stock 6 par value 98000 shares issued and outstanding 588000 Pai... View the full answer
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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