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Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders' equity
Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations Debit 290,000 General Journal Credit Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 235,000 55,0ee b. Organization Expenses 180,000 Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 128,ee0 52,00e c. Cash Accounts Receivable Building 44,500 15,5ee 83,000 Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 59,8 53,200 30,000 d. Cash 138,000 Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 76,000 62,000 Req 2 to 4Req 5 How many shares of common stock are outstanding at year-end? What is the amount of minimum legal capital (based on par value) at year-end? What is the total paid-in capital at year-end? 2. Number of outstanding shares 3. Minimum legal capital 4. Total paid-in capital Req 2 to 4Req 5 What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $795,000? Book Value per Common Share Choose Numerator: Choose Denominator: Book Value per Common Share Book value per common share
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