The stockholders' equity accounts of Pina Colada Corp. on January 1, 2022, were as follows. Preferred Stock (8%, $50 par, cumulative, 10,000 shares authorized) Common Stock ($1 stated value, 2,050,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings $375,000 1,150,000 115,000 1,450,000 1,800,000
The stockholders' equity accounts of Pina Colada Corp. on January 1, 2022, were as follows. Preferred Stock (8%, $50 par, cumulative, 10,000 shares authorized) Common Stock ($1 stated value, 2,050,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings $375,000 1,150,000 115,000 1,450,000 1,800,000
Chapter1: Financial Statements And Business Decisions
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