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when resisto systems, inc., was formed, the company was authorized to issue 5,000 shares of $100 par value,
8 percent cumulative preferred stock, and 100,000 shares of $2 stated value common stock.
10
points
half of the preferred stock was issued at a price of $103 per share, and 58,000 shares of the common stock
were sold for $12 per share. at the end of the current year, resisto has retained earnings of $382,000.
a. prepare the stockholders' equity section of the company's balance sheet at the end of the current year.
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stockholders' equity
additional paid-in capital:
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10/25/2019