Question: Obj. 6 BE 12-6 Reporting stockholders' equity Using the following accounts and balances, prepare the Stockholders' Equity section of the bal- ance sheet. Five-hundred thousand

Obj. 6 BE 12-6 Reporting stockholders' equity Using the following accounts and balances, prepare the Stockholders' Equity section of the bal- ance sheet. Five-hundred thousand shares of common stock are authorized, and 40,000 shares have been reacquired. $48,000,000 Common Stock, $120 par 4,500,000 6,400,000 Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings 63,680,000 5,200,000 Treasury Stock

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