Question: On December 31, 2014, <a href=Brave Corporation reported the following on its balance sheet: Cash $22,00…” />

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Question: On December 31, 2014, Brave Corporation reported the following on its balance sheet: Cash $22,00…
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Show transcribed image text On December 31, 2014, Brave Corporation reported the following on its balance sheet: Cash $22,000 Treasury stock ($8 per share, at cost) (16,000) Retained earnings 130,000 Common stock, par $5: authorized 100,000 shares) 400,000 Capital in excess of par ? Total contributed capital 540,000 Required: Prepare the stockholders' equity section of the balance sheet.

On December 31, 2014, Brave Corporation reported the following on its balance sheet: Cash $22,000 Treasury stock ($8 per share, at cost) (16,000) Retained earnings 130,000 Common stock, par $5: authorized 100,000 shares) 400,000 Capital in excess of par ? Total contributed capital 540,000 Required: Prepare the stockholders' equity section of the balance sheet.

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