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Business, 14.10.2019 20:30 make36harrisoxpt8b

He following information pertains to houston company’s shareholder’s equity at december 31 2019. the company has authorized 100,000 shares of preferred stock, of which issued 20,000 shares are issued and outstanding the stock is cumulative and carries a 4% dividend, a par value of $50 and all the shares had been issued at par. the company had 500,000 shares of $1 par value common stock authorized with 200,000 shares issued and 10,000 held in treasury. the additional paid in capital is $1,200,000. the treasury stock is carried at cost of $150,000. the company had retained earnings of $432,000. required: prepare the shareholder’s equity section of the company’s balance sheet at december 31, 2019.

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He following information pertains to houston company’s shareholder’s equity at december 31 2019. the...
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