Stockholders’ Equity
Question Stockholders’ Equity (December 31, 2015) Common stock—$5 par value, 50,000 shares authorized, 35,000 shares issued and outstanding$175,000 Paid-in capital in excess of par value, common stock 135,000 Retained earnings 340,000 Total stockholders’ equity$650,000 Stockholders’ Equity (December 31, 2016) Common stock—$5 par value, 50,000 shares authorized, 41,200 shares issued, 4,000 shares in treasury$206,000 Paid-in capital in excess of par value, common […]