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Kern Corporation was organized on January 1 , with an authorization of 5 , 0 0 0 , 0 0 0 shares of $ 2
Kern Corporation was organized on January with an authorization of shares of $ par value common stock. During the year, Kern had the following common stock transactions:
Jan. : Issued shares @ $ per share.
Apr. : Issued shares @ $ per share.
July : Purchased shares treasury @ $ per share.
Oct. : Sold shares held in treasury @ $ per share.
Dec. : Sold shares held in treasury @ $ per share.
Kern had no other transactions affecting paidin capital.
At December what is the total amount of paidin capital?
A $
B $
C $
D $
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