Question
lipe company reports the following transaction: Jan 15 Issued 25,000 shares of $5 par value common stock at $17 cash per share. Mar 31 Purchased
lipe company reports the following transaction:
Jan 15 Issued 25,000 shares of $5 par value common stock at $17 cash per share.
Mar 31 Purchased 3,000 shares of its own common stock at $20 cash per share.
June 25 Sold 2,000 shares of its treasury stock at $26 cash per share.
calculate the total amount of contributed capital (also known as paid in capital) from all sources as a result of the above transactions. please note that paid-in capital includes additional paid in capital. also please note that there is an assumption for this problem that the ending balance in the treasury stock was not used to calculate the total amount of contributes
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