Case study of market corporation


Market Corporation began its business on Jan 1, 2012. It sold @ $31 per share 6,100 shares of no-par common stock with a stated value of $24 per share. The charter of Market indicated 38,000 shares were authorized. Retained Earnings were $59,000 on Dec 31. Prepare the stockholders' equity section for Market on Dec 31, 2012.

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Accounting Basics: Case study of market corporation
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