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Flounder Corp. has these accounts at December 31: Common Stock, $10 par, 5,000 shares issued, $50,000; Paid-in Capital in Excess of Par $22,500; Retained Earnings $43,500; and Treasury Stock, 450 shares, $9,900. Prepare the stockholders' equity section of the balance sheet. (Enter account name only and do not provide descriptive information.) Flounder Corp. Balance Sheet (Partial) December 31

Flounder Corp. has these accounts at December 31: Common Stock, $10 par, 5,000 shares issued, $50,000; Paid-in Capital in Excess of Par $22,500; Retained Earnings $43,500; and Treasury Stock, 450 shares, $9,900. Prepare the stockholders' equity section of the balance sheet. (Enter account name only and do not provide descriptive information.) Flounder Corp. Balance Sheet (Partial) December 31

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Flounder Corp. has these accounts at December 31: Common Stock, $10 par, 5,000 shares issued, $50,000; Paid-in Capital in Excess of Par $22,500; Retained Earnings $43,500; and Treasury Stock, 450 shares, $9,900. Prepare the stockholders' equity section of the balance sheet. (Enter account name only and do not provide descriptive information.) Flounder Corp. Balance Sheet (Partial) December 31
Transcribed Image Text:Flounder Corp. has these accounts at December 31: Common Stock, $10 par, 5,000 shares issued, $50,000; Paid-in Capital in Excess of Par $22,500; Retained Earnings $43,500; and Treasury Stock, 450 shares, $9,900. Prepare the stockholders' equity section of the balance sheet. (Enter account name only and do not provide descriptive information.) Flounder Corp. Balance Sheet (Partial) December 31
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