Use the following to answer questions 23 - 26 The company was organized on January 3,...
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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 Per share Shares Total $15.00 500,000 $18.00 200,000 685,000 Dividends declared $0.50 Treasury stock $17.00 Net income for the year $500,000 23. $ of 20XE? What is total Paid-in capital at the end 24. $ What is the additional paid-in capital at the end of 20XE? 25. $ What is total retained earnings at the 26. end of 20XE? $ What is total stockholders' equity at the end of 20XE? 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 Per share Shares Total $15.00 500,000 $18.00 200,000 685,000 Dividends declared $0.50 Treasury stock $17.00 Net income for the year $500,000 23. $ of 20XE? What is total Paid-in capital at the end 24. $ What is the additional paid-in capital at the end of 20XE? 25. $ What is total retained earnings at the 26. end of 20XE? $ What is total stockholders' equity at the end of 20XE?
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