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Best Incorporated Balance Sheet (partial) At December 31, Year 6 $50,000 5,000 Stockholders' Equity: Preferred stock (par $50) Common stock (par $0.01) Additional Paid in
Best Incorporated Balance Sheet (partial) At December 31, Year 6 $50,000 5,000 Stockholders' Equity: Preferred stock (par $50) Common stock (par $0.01) Additional Paid in capital Total paid in capital Retained earnings Treasury stock (10,000 common shares) 4,551,000 1,256,000 (130,000) $5,677,00 Assume that the company sold 3,000 shares of its treasury stock for $15 per share. 7. How much would additional paid in capital change? $_ 9. How many shares of Common stock would be outstanding after the reissuance? -_ shares 10. How many shares of Commons stock would be issued after the reissuance? _shares
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