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An analysis of stockholders' equity of Hahn Corporation as of January 1, 20x1, is as follows: Common stock, par value $20; authorized 100,000 shares, issued
An analysis of stockholders' equity of Hahn Corporation as of January 1, 20x1, is as follows: Common stock, par value $20; authorized 100,000 shares, issued and outstanding 90,000 shares: $1,800,000 Paid-in capital in excess of par: 900,000 Retained earnings: 760,000 Total: $3,460,000 Hahn uses the cost method of accounting for treasury stock and during 20x1 entered into the following transactions Acquired 2,500 shares of its stock for $75,000 Sold 2,000 treasury shares at $35 per share. Sold the remaining treasury shares at $20 per share. Assuming no other equity transactions occurred during 20x1, what should Hahn report at December 31, 20x1, as total additional paid-in capital? $900,000. $905,000. $910,000. $915,000
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