Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hideo Co. was organized on January 1, 2021, with 300,000 shares of common stock with a $6 par value authorized. During 2021, Hideo had the
Hideo Co. was organized on January 1, 2021, with 300,000 shares of common stock with a $6 par value authorized. During 2021, Hideo had the following stock transactions:
January 4 | Issued 60,000 shares at $10 per share. |
March 8 | Issued 20,000 shares at $11 per share. |
May 17 | Purchased 7,500 shares at $12 per share. |
July 6 | Issued 15,000 shares at $13 per share. |
August 27 | Sold 5,000 treasury shares at $14 per share. |
If Hideo uses the cost method to record treasury stock transactions, the total amount of additional paid-in capital at December 31, 2021 is:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started