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  3. ayayai corp. has issued 90,000 shares of $4 par va

Ayayai Corp. has issued 90,000 shares of $4 par value common stock. It was authorized...

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Accounting

Ayayai Corp. has issued 90,000 shares of $4 par value common stock. It was authorized 490,000 shares. The paid-in capital in excess of par value on the common stock is $257,000. The corporation has reacquired 6,000 shares at a cost of $45,000 and is currently holding those shares. It also had accumulated other comprehensive income of $60,000. The corporation also has 1,000 shares issued and outstanding of 7%, $100 par value preferred stock. It was authorized 9,000 shares. The paid-in capital in excess of par value on the preferred stock is $22,000. Retained earnings is $362,000. Prepare the stockholders equity section of the balance sheet. (Enter account name only and do not provide descriptive information.)

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AYAYAI CORP Balance Sheet (Partial) s $ V S Attempts:0 of 1 used Submit.Answer Save for Later Last saved 11 minutes ago Saved work will be auto-submitted on the due date

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