G. Swifty Corporation was organized on January 1, 2020, with authorized capital of 1002000 shares of $10 par value common stock. During 2020, Swifty issued 42000 shares at $12 per share, purchased 4200 shares of treasury stock at $13 per share, and sold 4200 shares of treasury stock at $15 per share. What is the amount of additional paid-in capital at December 31, 2020?

a.$8400

b.$0

c. $84000

d. $92400

Sheffields Organics Corporation began business in 2020 by issuing 53000 shares of $3 par common stock for $8 per share and 23400 shares of 6%, $10 par preferred stock for par. At year end, the common stock had a market value of $13. On its December 31, 2020 balance sheet, Sheffield Packaging would report

Common Stock of $689000.

Common Stock of $159000.

Paid-In Capital of $159000.

Common Stock of $424000.

The following data is available for Vaughn Service Corporation at December 31, 2020:

Common stock, par $10 (authorized 100000 shares)	$418000
Treasury Stock (at cost $15 per share)	$ 30000

Based on the data, how many shares of common stock have been issued?

49000

50000

39800

41800

Swifty Corporation began business by issuing 681400 shares of $5 par value common stock for $30 per share. During its first year, the corporation sustained a net loss of $62100. The year-end balance sheet would show

Total paid-in capital of $17035000.

Common stock of $3407000.

Total paid-in capital of $20379900.

Common stock of $20442000

The stock of a company was quoted in the financial press at the end of trading day as follows:

Open		High		Low		Close		Change		Volume
33.76		34.25		32.89		32.95		0.55		2,096,750

Based on the above information, the previous day's closing price was

$33.21.

$32.40.

$34.31.

$33.50.

What is not a reason for a company to buy back its common stock in the open market?

It believes that the stock is underpriced.

Future growth opportunities are limited.

There are future growth opportunities.

It is trying to get rid of hostile shareholders.