The stockholders' equity accounts of cyrus corporation on january 1, 2017, were as follows.
preferred stock (7%, $100 par noncumulative, 5,000 shares authorized)
$? 300,000
common stock ($4 stated value, 300,000 shares authorized)
1,000,000
paid-in capital in excess of par value—preferred stock
15,000
paid-in capital in excess of stated value—common stock
480,000
retained earnings
688,000
treasury stock (5,000 common shares)
40,000
during 2017, the corporation had the following transactions and events pertaining to its stockholders' equity.
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The stockholders' equity accounts of cyrus corporation on january 1, 2017, were as follows.
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