The Balance Sheet

The Balance Sheet - preference in dividends and during...

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The Balance Sheet: Stockholders' Equity Preferred stock, common stock, additional paid-in-capital, retained earnings, and treasury stock are  all reported on the balance sheet in the stockholders' equity section. Information regarding the par  value, authorized shares, issued shares, and outstanding shares must be disclosed for each type of  stock. If a company has preferred stock, it is listed first in the stockholders' equity section due to its 
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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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This note was uploaded on 11/15/2011 for the course ACCT 2310 taught by Professor Staff during the Spring '09 term at Texas State.

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