Alex Corporation reports the following components of stockholders equity at December 31 of the prior...
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Accounting
Alex Corporation reports the following components of stockholders equity at December 31 of the prior year. Common stock$25 par value, 60,000 shares authorized, 39,000 shares issued and outstanding $ 975,000 Paid-in capital in excess of par value, common stock 78,000 Retained earnings 371,000 Total stockholders equity $ 1,424,000 During the current year, the following transactions affected its stockholders equity accounts. January 2 Purchased 3,900 shares of its own stock at $25 cash per share. Ja
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