Duffy Corporation: Stockholders' Equity
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Duffy Corporation has these accounts at December 31: Common Stock, $10 par; 5,000 shares issued, $50,000; Paid-in Capital in Excess of Par Value $18,000; Retained Earnings $32,000; and Treasury Stock - Common, 500 shares, $12,000. Prepare the stockholders' equity section of the balance sheet.
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Solution Summary
This response provides guidelines on how to prepare the stockholders' equity section of a balance sheet.
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- BA, Ain Shams University, Cairo Egypt
- MBA, California State University, Sacramento
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