Accounting Assignment | Custom Assignment Help

Part 3: Equity Transactions Prepare the stockholders’ equity section for Reynolds Company at December 31, 2016. Show all supporting computations. Reynolds Company has two classes of capital stock outstanding: 8%, $30 par preferred and $10 par common. At December 31, 2017, the following accounts were included in stockholders’ equity. Preferred Stock, 165,000 shares                               $ 4,950,000 Common Stock, 2,200,000 shares                              22,000,000 Paid-in Capital in Excess of Par—Preferred                     330,000 Paid-in …

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