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Good Corporation was organized on January 2, year 1, with 100,000 authorized shares of $10 par value common stock. During year 1 Good had the
Good Corporation was organized on January 2, year 1, with 100,000 authorized shares of $10 par value common stock. During year 1 Good had the following capital transactions: > January 5issued 75,000 shares at $14 per share. > December 27purchased 5,000 shares at $10 per share. Good used the par value method to record the purchase of the treasury shares. What would be the balance in the paid-in capital from treasury stock account at December 31, year 1?
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