Question
1.10,000 shares of capital stock of Omer Corp., par value $50, have been sold and issued on initial sale @55 per share during the month
1.10,000 shares of capital stock of Omer Corp., par value $50, have been sold and issued on initial sale @55 per share during the month of June.
2. 2,000 shares of previously issued stock were purchased from shareholders during the month of September @$58 per share.
As of September 30. the stockholders' equity section Total should be
A. $434,000 B.$450,000 C. $480,000 D.$550,000
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
2nd edition
978-0077403485, 77403487, 73527130, 978-0073527130
