Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

20. Green Corporation was organized on January 1, 2020, with authorized capital of 500,000 shares of $10 par value common stock. During 2020, Green issued

image text in transcribed

20. Green Corporation was organized on January 1, 2020, with authorized capital of 500,000 shares of $10 par value common stock. During 2020, Green issued 30,000 shares at $12 per share, purchased 3,000 shares of treasury stock at $13 per share, and sold 3,000 shares of treasury stock at $14 per share. What is the amount of additional paid-in capital at December 31, 2020? a. $0 b. $3,000 c. $60,000 21,000 d. $63,000 30, veox 2 = 64000 (excess) Too Goo X 5

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Ecology, Sustainable Development And Accounting

Authors: Seleshi Sisaye

1st Edition

0415816351, 9780415816359

More Books

Students also viewed these Accounting questions

Question

=+Show photos of consumers?

Answered: 1 week ago

Question

=+Exhibit children's artwork?

Answered: 1 week ago

Question

=+What kind of product or service would work in these locations?

Answered: 1 week ago