The following stockholders equity accounts arranged, Ask an Expert

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The following stockholders' equity accounts arranged alphabetically are in the ledger of Tyner Corporation at December 31, 2010.

Common Stock ($5 stated value) $2,000,000
Paid-in Capital from Treasury Stock 10,000
Paid-in Capital in Excess of Stated Value-Common Stock 1,600,000
Paid-in Capital in Excess of Par Value-Preferred Stock 679,000
Preferred Stock (8%, $50 par, noncumulative) 800,000
Retained Earnings 1,748,000
Treasury Stock-Common (10,000 shares)

Prepare a stockholders' equity section at December 31, 2010. (For multiple entries, refer to the example on page 589 DO IT! in the textbook for the proper order.)

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9975771

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