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1st Bella Donna Company has 90,000 shares of $3 par common stock issued and outstanding as of January 1, 2018. The shares were originally issued
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Bella Donna Company has 90,000 shares of $3 par common stock issued and outstanding as of January 1, 2018. The shares were originally issued for $11 per share. On February 3, 2018, Bella Donna repurchased 6,230 shares at $5 per share for the purposes of retiring them. What will be the balance in Paid in capital in excess of par after February 3rd transaction?
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Answer 18690 Date General Journal Debit Credit 1 January 2018 Cash 990000 9000011 C...
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
10th Edition
0135160618, 978-0135160619
