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stockholders’ equity section of the balance sheet


stockholders’ equity section of the balance sheet 1. Additional paid-in capital includes all of the following except the amounts paid in a. over par value. b. over stated value. c. from treasury stock. d. for the par value of common stock. 2. In the stockholders’ equity section of the balance sheet, the classification of capital stock consists of a. additional paid-in capital and common stock. b. common stock and treasury stock. c. common stock, preferred stock, and treasury stock. d. common stock and preferred stock. 3. At December 31, the stockholders’ equity of Smith Company was as follow: Common stock, $5 par value: 1,100,100 shares issued and 1,000,000 shares outstanding $5,500,000 Additional paid-in capital 1,400,000 Retained earnings 1,500,000 Treasury stock, (100,000 shares) (700,000) Total stockholders’ equity $7,700,000 The book value per share of common stock is a. $7.00 b. $7.20 c. $8.40 d. $7.70 Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help


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