Big Apple Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,500,000 shares issued; Additional Paid-in Capital, $17.50 million; Retained Earnings, $10.50 million; and Treasury Stock, 55,000 shares, $1.210 million.

Prepare the stockholders’ equity section of the balance sheet. (Amounts to be deducted should be indicated by a minus sign. Enter your answer in dollars, not millions. For example, $5.5 million should be entered as 5,500,000)

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25-06-2024
Business

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Big Apple Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,500,000 shares issued; Additional Paid-in Capital, $17.50 million; Retained Earnings, $10.50 million; and Treasury Stock, 55,000 shares, $1.210 million.

Prepare the stockholders’ equity section of the balance sheet. (Amounts to be deducted should be indicated by a minus sign. Enter your answer in dollars, not millions. For example, $5.5 million should be entered as 5,500,000)

Sagot :

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