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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. Credit Debit 310,000 a. General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 230,000 80,000 b. 150,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 127,000 23,000 43,500 18,500 82,800 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 59,600 55,200 30,000 d. 136,000 Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 76,000 60,000 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 $795,000? Req 2 and 3 Reg 4 How many shares of common stock are outstandi 2. Number of outstanding shares 3. Total paid-in capital 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? Choose Numerator: Book Value per Common Share 1 Choose Denominator: / Book Value per Common Share Book value per common share 1
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