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Ch 11: Corporations: Organizations, SLULK ITUNJULL Perf Q 11.7: Foley Manufacturing Corporation purchased 3,000 shares of its own previously issued $10 par common stock for
Ch 11: Corporations: Organizations, SLULK ITUNJULL Perf Q 11.7: Foley Manufacturing Corporation purchased 3,000 shares of its own previously issued $10 par common stock for $69,000. As a result of this event, A total stockholders' equity decreased $69,000. B Common Stock account decreased $30,000. C assets decreased $30,000. Abou D Paid-in Capital in Excess of Par-Common Stock account decreased $39,000 Ques Perf Q 11.8: Roberson Corporation was organized on January 1, 2014, with authorized capital of 750,000 shares of $10 par value common stock. During 2014, Roberson issued 30,000 shares at $12 per share, purchased 3,000 shares of treasury stock at 513 per share, and sold 3,000 shares of treasury stock at $14 per share. What is the amount of Additional paid-in capital on December 31, 2014
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