Question 10 The stockholders' equity section of Faith Corporation at December 31 is as follows....
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Question 10 The stockholders' equity section of Faith Corporation at December 31 is as follows. FAITH CORPORATION Balance Sheet (partial) Paid-in capital Preferred stock, cumulative, 10,000 shares authorized, 5,000 shares issued and outstanding $300,000 Common Stock, no par, 750,000 shares authorized, 250,000 shares issued 1.500,000 Total paid-in capital 1,800,000 Retained earnings 2,050,000 Total paid-in capital and retained earnings 3,850,000 Less: Treasury stock ( 4,000 common shares) (64,000) Total stockholders' equity $3.786,000 Reounirments Prom a feriew of the atodhelderi' equity sactions moner the fellowing opestions: at How mane shares of common shock ar solitandine? d. What in the pur value of the onfurnd itsok? Combinst
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