As an Intermediate Accounting II student, I must admit I was daunted with Stockholders' Equity....
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Accounting
As an Intermediate Accounting II student, I must admit I was daunted with Stockholders' Equity. I understood the basic concepts. This section on the balance sheet represented what the owners of the company had invested in the company. But what did the individual amounts mean? What was the difference between common stock, preferred stock, and treasury stock? Who are these "owners?" And does a company have retained earnings?
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