Mgmt_200_Spring_2008_solutions_4-9-08(4,17)

Mgmt_200_Spring_2008_solutions_4-9-08(4,17) - Management...

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Management 200 – Introductory Financial Accounting– Spring 2008 Krannert School of Management - Purdue University Solutions to class assignment for April 9, 2008 P11–5. Stockholders’ Equity Contributed capital: Common stock, par $10, authorized 200,000 shares; issued 60,000 shares, of which 1,000 shares are held as treasury stock. ...................................................... $600,000 Contributed capital in excess of par, common. ........................................................ 123,000 Total contributed capital. ..................................................................................... $723,000 Retained earnings. ........................................................................................................ 38,200 Total. .................................................................................................................... $761,200 Less: Treasury stock held (1,000 shares x $15). ...................................................... (15,000)
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This note was uploaded on 11/22/2009 for the course MGMT 200 taught by Professor Greigg during the Spring '08 term at Purdue.

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