Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Exercise 24

Beta Co.old 10,000 shares of common stock, which has a par value of $25, for $28 per share.he company also sold 1,000 shares of $100 par value preferred stock for $110.ssume the balance in retained earnings is $80,000.repare the stockholders' equity section of Beta's balance sheet.