Use the following to answer questions 23-26 The company was organized on January 3, 20XE. The firm was authorized to issue 1,000,000,000 shares of $1.00 par common stock. During 20XE, the company had the following transactions relating to shareholders' equity: Issued common stock (January) Issued common stock (July) Outstanding shares Dividends declared Treasury stock Net income for the year 23. S 24. S 25. S 26. S Per share $15.00 $18.00 50.50 $17.00 Shares 500,000 200,000 685,000 What is total Paid-in capital at the end of 20XE? What is the additional paid-in capital at the end of 20XE? What is total retained earnings at the end of 20XE? What is total stockholders equity at the end of 20XE? Total $500,000
Use the following to answer questions 23-26 The company was organized on January 3, 20XE. The firm was authorized to issue 1,000,000,000 shares of $1.00 par common stock. During 20XE, the company had the following transactions relating to shareholders' equity: Issued common stock (January) Issued common stock (July) Outstanding shares Dividends declared Treasury stock Net income for the year 23. S 24. S 25. S 26. S Per share $15.00 $18.00 50.50 $17.00 Shares 500,000 200,000 685,000 What is total Paid-in capital at the end of 20XE? What is the additional paid-in capital at the end of 20XE? What is total retained earnings at the end of 20XE? What is total stockholders equity at the end of 20XE? Total $500,000
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 5PA: Copper Corporation was organized in May. It is authorized to issue 50,000,000 shares of $200 par...
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