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Clarist Inc. issued 4 0 , 0 0 0 shares of $ 3 par common stock at $ 1 3 . 9 0 per share
Clarist Inc. issued shares of $ par common stock at $ per share at the start of the year. In the last month of the year, they bought back common shares to use as holiday bonuses paying $ per share for the repurchased shares.
What is the balance in the paid in capital in excess of par account at year end?
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
