The stockholders’ equity section of a balance sheet at Decem…
The stockholders’ equity section of a balance sheet at December 31 is provided below. How many shares of stock are issued? Common stock, $0.50 par value $10,000 Paid-in capital in excess of par–common stock 40,000 Total capital stock 50,000 Retained earnings 25,000 Less: Treasury stock (at cost, $20 per share) < 2,000> Total Stockholders’ Equity $73,000
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