opez Corporation reported the following in its December 31, 2009 balance sheet: Common stock , par 20 ( 25,000 shares authorized ) ? Retained earnings 60,000 Treasury stock (2,000 shares at cost ) 24,000 Capital in excess of par value (P3 per share ) 33,000 How much is the total contributed capital? How much is the total shareholder's equity?
opez Corporation reported the following in its December 31, 2009 balance sheet: Common stock , par 20 ( 25,000 shares authorized ) ? Retained earnings 60,000 Treasury stock (2,000 shares at cost ) 24,000 Capital in excess of par value (P3 per share ) 33,000 How much is the total contributed capital? How much is the total shareholder's equity?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Lopez Corporation reported the following in its December 31, 2009
Common stock , par 20 ( 25,000 shares authorized ) ?
Capital in excess of par value (P3 per share ) 33,000
How much is the total contributed capital?
How much is the total shareholder's equity?
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