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Reporting paid-in capital
The following accounts and their balances were selected from the unadjusted trial balance of CW Group Inc., a freight forwarder, at March 31, the end of the current fiscal year:
Preferred 1% Stock, $75 par
$4,500,000
Paid-In Capital in Excess of Par-Preferred Stock
180,000
Common Stock, no par, $8 stated value
2,400,000
Paid-In Capital in Excess of Stated Value-Common Stock
450,000
Paid-In Capital from Sale of Treasury Stock
190,000
Retained Earnings
11,570,000
Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet. There are 500,000 shares of common stock authorized and 100,000 shares of preferred stock authorized.
Financial Statement Analysis and Preparation
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Computation of Free Cash Flow
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