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A corporation"s common stock may have a par value or it may be a no-par stock. A no-par stock may or may not have a stated value.
The five different situations described below are examples of the various ways stockholders" equity may be structured:
Instructions
Assume it is December 31, 2014. For each of the independent situations above, determine the following:
(a) Total paid-in capital.
(b) Total stockholders" equity.
(c) Number of common stock shares outstanding.
What worksheet entries are required in connection with the consolidation of this asset? Consider that the parent applies the partial equity method.
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