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Kinkaid Co. was incorporated at the beginning of this year and had a number of transactions. The following journal entries impacted its stockholders' equity during

Kinkaid Co. was incorporated at the beginning of this year and had a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations.

General JournalDebitCredita.Cash300,000Common Stock, $25 Par Value245,000Paid-In Capital in Excess of Par Value, Common Stock55,000b.Organization Expenses170,000Common Stock, $25 Par Value127,000Paid-In Capital in Excess of Par Value, Common Stock43,000c.Cash45,000Accounts Receivable19,000Building82,200Notes Payable59,800Common Stock, $25 Par Value56,400Paid-In Capital in Excess of Par Value, Common Stock30,000d.Cash130,000Common Stock, $25 Par Value79,000Paid-In Capital in Excess of Par Value, Common Stock51,000

Required:

2.How many shares of common stock are outstanding at year-end?

3.What is the total paid-in capital at year-end?

4.What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $785,000?

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