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17. Salam Co. was organized on January 1, 2020, with an authorization of 1,200,000 ordinary shares with a par value of $ 6 per share.
17. Salam Co. was organized on January 1, 2020, with an authorization of 1,200,000 ordinary shares with a par value of $ 6 per share. During 2020, the corporation had the following capital transactions: January 10 issued 750,000 shares @ $10 per share August 20 purchased 60,000 shares @ $12 per share December 31 sold the 60,000 shares held in treasury @ $17 per share Salam used the cost method to record the purchase and reissuance of the treasury shares. What is the total amount of share premium as of December 31, 2020? (3 Points) $ 750,000 $3,000,000 0 $2,805,000. $3,300,000
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