EQUITY
Thomas' Corporation had the following stockholders’ equity
information from the balance sheet for year ending 12/31/2018.
Preferred Stock - $50 par value, 10% cumulative, 10,000 shares
authorized, 4,000 shares issued
Treasury Stock on Preferred $50 par value, 10% cumulative 1000
shares, company paid $150,000 for the Treasury Stock
Common Stock - $2 par value, 1,000,000 shares authorized, 60,000
shares issued
Capital Excess of Par $480,000
Treasury Stock on Common 8,000 shares, company paid $160,000 for
the Treasury Stock
Retained...