15 Starr Corporation was organized on January 1, 20X1, with an authorization of 400,000 shares of common stock with a par value of $6 per share. During 20X1, the corporation had the following capital transactions: January 5 July 28 December 31 issued 225,000 shares @ $10 per share purchased 30,000 shares @ $11 per share sold the 30,000 shares held in treasury @ $18 per share Starr used the cost method to record the purchase and reissuance of the treasury shares. What is the total amount of additional paid-in capital as of December 31, 20X1? a. $-0-. b. $690,000. $900.000. d. $1,110,000.

15 Starr Corporation was organized on January 1, 20X1, with an authorization of 400,000 shares of common stock with a par value of $6 per share. During 20X1, the corporation had the following capital transactions: January 5 July 28 December 31 issued 225,000 shares @ $10 per share purchased 30,000 shares @ $11 per share sold the 30,000 shares held in treasury @ $18 per share Starr used the cost method to record the purchase and reissuance of the treasury shares. What is the total amount of additional paid-in capital as of December 31, 20X1? a. $-0-. b. $690,000. $900.000. d. $1,110,000.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 5MC: Kent Corporation was organized on January 1, 2014. On that date, it issued 200,000 shares of 10 par...

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