Question
J.T Corporation was organized on January 3, 20XE. The firm was authorized to issue 100,000,000 shares of $1.00 par common stock. During 20XE, the
J.T Corporation was organized on January 3, 20XE. The firm was authorized to issue 100,000,000 shares of $1.00 par common stock. During 20XE, the company had the following transactions relating to shareholders' equity: + Per share Shares Issued common stock (January) $20.00 300,000 Issued common stock (July) Outstanding shares Dividends declared $22.00 200,000 490,000 $0.45 Treasury stock $25.00 Net income for the year Total $650,000 23. S 24.S 25. S 26. S What is the additional paid-in capital at the end of 20XE? What is total Paid-in capital at the end of 20XE? What is total retained earnings at the end of 20XE? What is total stockholders' equity at the end of 20XE?
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