MindTap - Cengage Learning CengageNOWv2 | Online teachin x 9 Cengage Learning b Answered: CengageNOWv2| Onli x i v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Ch 13-2 Practice Exercises E Calculator eBook Show Me How Print Item Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 50,000 shares of common stock authorized, and 2,000 shares have been reacquired. Common Stock, $80 par $3,200,000 Paid-In Capital from Sale of Treasury Stock 64,000 Paid-In Capital in Excess of Par-Common Stock 440,000 Retained Earnings 1,728,000 Treasury Stock 42,000 Stockholders' Equity Paid-In Capital: Common Stock, $80 Par 3,200,000 Excess over par 440,000 Treasury Stock From Sale of Treasury Stock 64,000 Total Paid-in Capital $ 3,704,000 Retained Earnings Total Treasury Stock Total Stockholders' Equity Check My Work 2 more Check My Work uses remaining. Previous Next Assignment Score: 58.42% All work saved. Save and Exit Submit Assignment for Grading 3:10 PM e Type here to search 2/24/2020
MindTap - Cengage Learning CengageNOWv2 | Online teachin x 9 Cengage Learning b Answered: CengageNOWv2| Onli x i v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Ch 13-2 Practice Exercises E Calculator eBook Show Me How Print Item Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 50,000 shares of common stock authorized, and 2,000 shares have been reacquired. Common Stock, $80 par $3,200,000 Paid-In Capital from Sale of Treasury Stock 64,000 Paid-In Capital in Excess of Par-Common Stock 440,000 Retained Earnings 1,728,000 Treasury Stock 42,000 Stockholders' Equity Paid-In Capital: Common Stock, $80 Par 3,200,000 Excess over par 440,000 Treasury Stock From Sale of Treasury Stock 64,000 Total Paid-in Capital $ 3,704,000 Retained Earnings Total Treasury Stock Total Stockholders' Equity Check My Work 2 more Check My Work uses remaining. Previous Next Assignment Score: 58.42% All work saved. Save and Exit Submit Assignment for Grading 3:10 PM e Type here to search 2/24/2020
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
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CengageNOWv2 | Online teachin x
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Ch 13-2 Practice Exercises
E Calculator
eBook
Show Me How
Print Item
Reporting Stockholders' Equity
Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 50,000 shares of common stock authorized, and 2,000 shares have been reacquired.
Common Stock, $80 par
$3,200,000
Paid-In Capital from Sale of Treasury Stock
64,000
Paid-In Capital in Excess of Par-Common Stock
440,000
Retained Earnings
1,728,000
Treasury Stock
42,000
Stockholders' Equity
Paid-In Capital:
Common Stock, $80 Par
3,200,000
Excess over par
440,000
Treasury Stock
From Sale of Treasury Stock
64,000
Total Paid-in Capital
$ 3,704,000
Retained Earnings
Total
Treasury Stock
Total Stockholders' Equity
Check My Work 2 more Check My Work uses remaining.
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