Clarist Inc. issued 4 0 , 0 0 0 shares of $ 3 par common stock at

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Clarist Inc. issued

40, 000

shares of $

3

par common stock at $

13.90

per share at the start of the year. In the last month of the year, they bought back

100

common shares to use as holiday bonuses paying $

24.85

per share for the repurchased shares.

What is the balance in the paid in capital in excess of par account at year end?

Related Book For answer-question

Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Posted Date: May 09, 2024 06:34 AM

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Clarist Inc. issued 4 0 , 0 0 0 shares of $ 3 par common stock at

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Accounting

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