Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders equity accounts of Morrow Enterprises Inc., with...
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Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders equity accounts of Morrow Enterprises Inc., with balances on January 1, 2016, are as follows:
Common stock, $20 stated value; 500,000 shares authorized, 352,000 issued $7,040,000 Paid-In Capital in Excess of Stated ValueCommon Stock 774,400 Retained Earnings 32,153,000 Treasury Stock (25,200 shares, at cost) 478,800
Prepare the Stockholders Equity section of the December 31, 2016 balance sheet. Less or Deduct will automatically appear if it is required. Refer to the list of Amount Descriptions provided for the exact wording of the answer choices for text entries. Score: 12/80 Stockholders Equity
1 Paid-in capital: 2 3 4 5 6 7 8 9
Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders equity accounts of Morrow Enterprises Inc., with balances on January 1, 2016, are as follows:
| Common stock, $20 stated value; 500,000 shares authorized, 352,000 issued | $7,040,000 |
| Paid-In Capital in Excess of Stated ValueCommon Stock | 774,400 |
| Retained Earnings | 32,153,000 |
| Treasury Stock (25,200 shares, at cost) | 478,800 |
Score: 12/80
| Stockholders Equity |
| 1 | Paid-in capital: | | |
| 2 | | | |
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