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Unformatted text preview: lower the trading price of the stock to a more acceptable trading range, making it attractive to a larger number of potential investors. Exercise 10-10 Power Drive Corportation Balance Sheet (Stockholders Equity Section) December 31, 2012 Stockholders equity: Common stock, $1.00 par value $ 155,000 Additional paid-in capital 7,317,500 Total paid-in capital 7,472,500 Retained earnings 2,375,000 * Treasury stock, 2,500 shares (137,500) Total stockholders equity $9,710,000 * $2,000,000+$600,000-$225,000...
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This note was uploaded on 02/27/2012 for the course MGMT 200 taught by Professor Greigg during the Spring '08 term at Purdue University-West Lafayette.
- Spring '08