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Coronado Industries was organized on January 1, 2018, with an authorization of 1300000 shares of common stock with a par value of $6 per share.
Coronado Industries was organized on January 1, 2018, with an authorization of 1300000 shares of common stock with a par value of $6 per share. During 2018, the corporation had the following capital transactions:
January 5 | issued 650000 shares @ $11 per share |
July 28 | purchased 76000 shares @ $11 per share |
December 31 | sold the 76000 shares held in treasury @ $18 per share |
Coronado used the cost method to record the purchase and reissuance of the treasury shares. What is the total amount of additional paid-in capital as of December 31, 2018?
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