Question
11. An analysis of stockholders' equity of Hahn Corporation as of January 1, 2020, is as follows: Common stock, par value $20; authorized 100,000 shares;
11. An analysis of stockholders' equity of Hahn Corporation as of January 1, 2020, is as follows: Common stock, par value $20; authorized 100,000 shares; $1,800,000 issued and outstanding 90,000 shares 700,000 Paid-in capital in excess ofpar _760.000 Retained eamings $3.260.000 Total Hahn uses the cost method of accounting for treasury stock and during 2020 entered into the following transactions: Acquired 2,500 shares of its stock for $75,000. Sold 2,000 treasury shares at $35 per share Sold the remaining treasury shares at $20 per share. Assuming no other equity transactions occurred during 2020, what should Hahn report -u, as tolal additional paid-in capital? at December 31, 2020, as total additional A) $695,000 B) $700,000 $705,000 D $715,000
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