Question
14. G. Jones Corporation was organized on January 1, 2017, with authorized capital of 1,000,000 shares of $10 par value common stock. During 2017, Jones
14. G. Jones Corporation was organized on January 1, 2017, with authorized capital of 1,000,000 shares of $10 par value common stock. During 2017, Jones issued 40,000 shares at $12 per share, purchased 4,000 shares of treasury stock at $13 per share, and sold 4,000 shares of treasury stock at $14 per share. What is the amount of additional paid-in capital at December 31, 2017?
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
