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Unformatted text preview: preference in dividends and during liquidation. Grandpa's Hook Rugs, Inc. Partial Balance Sheet As of December 31, 20X0 Preferred Stock, $100 par value, 10,000 shares authorized, issued and outstanding $ 1,000,000 Common Stock, $1 par value, 2,000,000 shares authorized, 1,200,000 shares issued, and 1,180,000 shares outstanding 1,200,000 Additional Paid-in-Capital 16,800,000 Retained Earnings 3,670,000 Less: Treasury Stock, 20,000 shares (240,000) Total Stockholders' Equity $22,430,000...
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- Spring '09
- Balance Sheet