Business, 23.11.2019 03:31 hannahelisabeth19

Spiral corporation's december 31, balance sheet shows the following: 8% preferred stock,
$10 par value, cumulative,
40,000 shares authorized; 18,000 shares issued, $180,000 common stock, $1 par value,
4,000,000 shares authorized; 2,500,000 shares issued,
2,460,000 shares outstanding,
$2,500,000 paid-in capital in excess of par value – preferred stock, $180,000 paid-in capital in excess of par value – common stock, $52,000,000 retained earnings,
$24,000,000 treasury stock (40,000 shares)-$1,250,000
the company's total stockholders' equity is:

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Spiral corporation's december 31, balance sheet shows the following: 8% preferred stock,
$10...

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