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Luna's Tuna stock currently trades for $50 and they have never resold treasury shares. Luna's reports the following items in its shareholders' equity section: Common
Luna's Tuna stock currently trades for $50 and they have never resold treasury shares. Luna's reports the following items in its shareholders' equity section: Common stock, $5 par value (50,000 shares authorized) Additional paid-in capital (APIC) Retained earnings Treasury stock (2,000 shares) Total shareholders' cquity $50,000 $25,000 $180,000 ($40,000) $255,000 Which of the following statements are definitely true? Check All That Apply Luna's issued 10,000 shares at an average price of $7.50 per share. Luna's has 8,000 shares outstanding. Treasury stock was repurchased for an amount greater than the original issue price. If Luna's declares a 10% stock dividend, the new APIC balance would be $61,000
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