What is the total amount of additional paid-in capital, Accounting Basics

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What is the total amount of additional paid-in capital

Percy Corporation was organized on January 1, 2010, with an authorization of 1,200,000 shares of common stock with a par value of $6 per share. During 2010, the corporation had the following capital transactions:

January 5 issued 675,000 shares @ $10 per share
July 28 purchased 90,000 shares @ $11 per share
December 31 sold the 90,000 shares held in treasury @ $18 per share

Percy used the cost method to record the purchase and resistance of the treasury shares. What is the total amount of additional paid-in capital as of December 31, 2010?

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Accounting Basics: What is the total amount of additional paid-in capital

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Accounting Basics: What is the total amount of additional paid-in capital

Reference No:- TGS0705749

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Recent Questions Asked Accounting Basics

Q : Explain the computer-based order entry system

Q : What amount of interest income should be included in melton

Q : What amount of overhead cost would monrovia assign

Q : How much revenue from this sale should shaw recognize

Q : What is the total amount of additional paid-in capital

Q : What does the time value of money mean

Q : What impact do interest rates have on calculation of future

Q : What was the cost of units sold

Q : Compute the cost that should be assigned to the inventory

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Accounting Basics: What is the total amount of additional paid-in capital

Reference No:- TGS0705749

Recent Questions Asked Accounting Basics

Q : Explain the computer-based order entry system

Q : What amount of interest income should be included in melton

Q : What amount of overhead cost would monrovia assign

Q : How much revenue from this sale should shaw recognize

Q : What is the total amount of additional paid-in capital

Q : What does the time value of money mean

Q : What impact do interest rates have on calculation of future

Q : What was the cost of units sold

Q : Compute the cost that should be assigned to the inventory

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