Solved: During 2018 concord issued 29400 shares at 11 per share, Accounting Basics

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During 2018 concord issued 29400 shares at 11 per share

Question - Concord Corporation was organized on January 1, 2018, with authorized capital of 493000 shares of $10 par value common stock. During 2018, Concord issued 29400 shares at $11 per share, purchased 3700 shares of treasury stock at $14 per share, and sold 3700 shares of treasury stock at $15 per share. What is the amount of additional paid-in capital at December 31, 2018?

$29400

$3700

$33100

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Accounting Basics: During 2018 concord issued 29400 shares at 11 per share

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Accounting Basics: During 2018 concord issued 29400 shares at 11 per share

Reference No:- TGS02623903

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