The following stockholders’ equity accounts arranged alphabetically are in the ledger of Tyner Corporation at December 31, 2010.Common Stock ($5 stated value) ……….. $2,000,000Paid-in Capital from Treasury Stock ………… 10,000Paid-in Capital in Excess of Stated Value-Common Stock … 1,600,000Paid-in Capital in Excess of Par Value-Preferred Stock ….. 679,000Preferred Stock (8%, $50 par, noncumulative) ……. 800,000Retained Earnings ……………… 1,748,000Treasury Stock-Common (10,000 shares) ……… 130,000InstructionsPrepare a stockholders’ equity section at December 31, 2010.View Solution:
The following stockholders equity accounts Tyner Corporation



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