HW11:15 Total stockholders' equity is $150,000. If the common stock account has a balance of...
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HW11:15 Total stockholders' equity is $150,000. If the common stock account has a balance of $30,000, paid-in capital in excess of par value common stock is $5,000, beginning Retained Earnings of $70,000, Net Income $30,000, and no dividends. What is the amount of Preferred Stock? A) $15,000 B) $25,000 C) $45,000 D) $35,000 Page 4
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