Oakwood Inc. Is a public enterprise who shares are traded in the over-the-counter market. At December 31, 2018, Oakwood had 6,000,000 authorized shares of $10 par value common stock, of which 2,000,000 shares were issued and outstanding. The shareholders equity accounts at December 31, 2018 had the following balances common stock $20,000 additional paid in capital on common stock 7,500,000 retained earnings 6,470,000 transactions during 2019 and other information related to the shareholders equity accounts were as follows:
Oakwood Inc. Is a public enterprise who shares are traded in the over-the-counter market. At December 31, 2018, Oakwood had 6,000,000 authorized shares of $10 par value common stock, of which 2,000,000 shares were issued and outstanding. The shareholders equity accounts at December 31, 2018 had the following balances common stock $20,000 additional paid in capital on common stock 7,500,000 retained earnings 6,470,000 transactions during 2019 and other information related to the shareholders equity accounts were as follows:
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 5PB: Paydirt Limestone, Incorporated was organized several years ago and was authorized to issue...
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Oakwood Inc. Is a public enterprise who shares are traded in the over-the-counter market. At December 31, 2018, Oakwood had 6,000,000 authorized shares of $10 par value common stock, of which 2,000,000 shares were issued and outstanding. The shareholders equity accounts at December 31, 2018 had the following balances
common stock $20,000
additional paid in capital on common stock 7,500,000
transactions during 2019 and other information related to the shareholders equity accounts were as follows:
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