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Barton Corporation's December 31, 2022 balance sheet showed the following: 8% preferred stock, $10 par value, cumulative, 50,000 shares authorized; 20,000 shares issued... Common stock, $10 par value, 4,000,000 shares authorized; 2,600,000 shares issued, 2,560,000 shares outstanding.. Paid-in capital in excess of par value - preferred stock.. Paid-in capital in excess of par value - common stock.. Retained earnings.... Barton's total paid-in capital was $53,200,000. $54,600,000. $66,000,000. $77,400,000. $ 500,000 26,000,000 1,500,000 38,000,000 11,400,000 20 of

Barton Corporation's December 31, 2022 balance sheet showed the following: 8% preferred stock, $10 par value, cumulative, 50,000 shares authorized; 20,000 shares issued... Common stock, $10 par value, 4,000,000 shares authorized; 2,600,000 shares issued, 2,560,000 shares outstanding.. Paid-in capital in excess of par value - preferred stock.. Paid-in capital in excess of par value - common stock.. Retained earnings.... Barton's total paid-in capital was $53,200,000. $54,600,000. $66,000,000. $77,400,000. $ 500,000 26,000,000 1,500,000 38,000,000 11,400,000 20 of

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Barton Corporation's December 31, 2022 balance sheet showed the following: 8% preferred stock, $10 par value, cumulative, 50,000 shares authorized; 20,000 shares issued... Common stock, $10 par value, 4,000,000 shares authorized; 2,600,000 shares issued, 2,560,000 shares outstanding.... Paid-in capital in excess of par value - preferred stock.. Paid-in capital in excess of par value - common stock.. Retained earnings... Barton's total paid-in capital was $53,200,000. $54,600,000. $66,000,000. $77,400,000. ..$ 500,000 26,000,000 1,500,000 38,000,000 11,400,000 30 of 50
Transcribed Image Text:Barton Corporation's December 31, 2022 balance sheet showed the following: 8% preferred stock, $10 par value, cumulative, 50,000 shares authorized; 20,000 shares issued... Common stock, $10 par value, 4,000,000 shares authorized; 2,600,000 shares issued, 2,560,000 shares outstanding.... Paid-in capital in excess of par value - preferred stock.. Paid-in capital in excess of par value - common stock.. Retained earnings... Barton's total paid-in capital was $53,200,000. $54,600,000. $66,000,000. $77,400,000. ..$ 500,000 26,000,000 1,500,000 38,000,000 11,400,000 30 of 50
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