Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. help my last answer is wrong and i don't know why

help my last answer is wrong and i don't know why ...

70.2K

Verified Solution

Question

Accounting

help my last answer is wrong and i don't know why
image
Reporting Stockholders' Equity Sing the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method I of Exhibit . Five-hundred thousand shares of cock are authorized, and 40,000 shares have been reacquired. Common Stock, 5120 par $48,000,000 Paid In Capital from Sale of Treasury Stock 4,500,000 Pardin Capital in Excess of Par-Common Stock 6,400,000 Retained Earnings 63,680,000 Treasury Stock 5,200,000 Stockholders' Equity Paid In Capital: Common Stock, S120 Par (500,000 Shares Authorized 400,000 Shares Issued) Excess over par 48.000.000 6.400,000 54.400.000 Paid in capital, common stock From Sale of Treasury Stock 4.500.000 Total Paid-In Capital Retained Earnings 54,900.000 63600,000 122.500.000 Total Treasury Stock (40,000 Shares at Cost) 50.200.000 127.780,000 X Total Stockholders Equity Previous Previous Next

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students