paid-in capital section of the balance sheet Desert Corporation has the following capital stock outstanding at December 31, 2013: 7% Preferred stock, $100 par value, cumulative 15,000 shares issued and outstanding $1,500,000 Common stock, no par, $10 stated value, 500,000 shares authorized, 350,000 shares issued and outstanding 3,500,000 The preferred stock was issued at $120 per share. The common stock was issued at an average per share price of $14. Instructions Prepare the paid-in capital section of the balance sheet at December 31, 2013. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help
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