Foley Corporation has the following capital structure at the beginning of the year: 4% Preferred stock, $50 par value, 20,000 shares authorized, 6,000 shares issued and outstanding Common stock, $10 par value, 60,000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par Total paid-in capital Retained earnings Total stockholders' equity Construct the stockholders' equity section incorporating all the above information. Construct the stockholders' equity section incorporating all the above information. FOLEY CORPORATION Balance Sheet (Partial) Stockholders' Equity Total Paid-in Capital Total Stockholders' Equity $300,000 350,000 103,000 753,000 430,000 $1,183,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Foley Corporation has the following capital structure at the beginning of the year:
4% Preferred stock, $50 par value, 20,000 shares authorized, 6,000 shares
issued and outstanding
Common stock, $10 par value, 60,000 shares authorized, 35,000 shares issued
and outstanding
Paid-in capital in excess of par
Total paid-in capital
Retained earnings
Total stockholders' equity
Construct the stockholders' equity section incorporating all the above information.
Construct the stockholders' equity section incorporating all the above information.
FOLEY CORPORATION
Balance Sheet (Partial)
Stockholders' Equity
Total Paid-in Capital
Total Stockholders' Equity
$
$300,000
350,000
103,000
753,000
430,000
$1,183,000
Transcribed Image Text:Foley Corporation has the following capital structure at the beginning of the year: 4% Preferred stock, $50 par value, 20,000 shares authorized, 6,000 shares issued and outstanding Common stock, $10 par value, 60,000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par Total paid-in capital Retained earnings Total stockholders' equity Construct the stockholders' equity section incorporating all the above information. Construct the stockholders' equity section incorporating all the above information. FOLEY CORPORATION Balance Sheet (Partial) Stockholders' Equity Total Paid-in Capital Total Stockholders' Equity $ $300,000 350,000 103,000 753,000 430,000 $1,183,000
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