The incomplete Stockholders' Equity section of ABC Corporation can be found here: Stockholders' Equity Account:...
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Accounting
The incomplete Stockholders' Equity section of ABC Corporation can be found here: Stockholders' Equity Account: Paid-in Capital: Common Stock, (1) S. _par; 100,000 shares authorized; 50,000 shares issued; (2) shares outstanding $1,000,000 Line A. Paid in capital in excess of par - Common Stock Total Paid-in Capital 400,000 $ Line B. Earned Capital: (3) 1,010,000 Line C. Total Stockholders' Equity (4) S Required: Prepared typed responses to the following questions: 1. What is par value (1) per share of common stock? 2. Assume the company repurchased 1,000 shares of common stock at a cost of $26,000 to hold as Treasury Stock, indicate where Treasury Stock should be listed. Line A, B, or C? 3. What is the number of shares of common stock outstanding (2)? 4. What is the name of the account (3) listed in the Earned Capital account above? 5. What is the amount of Stockholders Equity (4)
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