Torretto_13-17 (2) - 3,903,000.00 Total $5,313,000.00...

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Student Name Exercise 13-17 Accounting 1B Torretto Stockholders' Equity Paid -in Capital: Preferred 2% stock, $100 par (10,000 shares authorized, 4,800 shares issued) $480,000.00 Excess of issue price over par 78,000.00 $558,000.00 Common stock, $4 par (250,000shares authorized, 150,000 shares isssued) $600,000.00 Excess of issue price over par 210,000.00 810,000.00 From sale of treasury stock 42,000.00 Total paid-in capital $1,410,000.00 Retained earnings
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Unformatted text preview: 3,903,000.00 Total $5,313,000.00 Deduct treasury stock (12,000 shares at cost) 120,000.00 Total stockholders' equity $5,193,000.00 Bancroft Corporation. Retained Earnings Statement For the Year Ended January 31, 2010 Retained earnings, February 1, 2010 3175500 Net Income 415000 Less Dividends: Stock 140000 Cash 75500 215500 Increased in retained earnings 199500 Retained earnings, January 1, 2010 3375000...
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Torretto_13-17 (2) - 3,903,000.00 Total $5,313,000.00...

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