Question
O Inc.s shareholders equity section at December 31, 20x8 was as follows: Common shares, 63117 shares outstanding $891251 Retained Earnings 817925 The following transactions took
O Inc.s shareholders equity section at December 31, 20x8 was as follows:
|
| Common shares, 63117 shares outstanding | $891251 |
|
| ||
|
| Retained Earnings | 817925 |
| The following transactions took place during the year, 20x9: | ||
|
| Jan 30 | Issued 8112 common shares for $110694 cash |
|
| July 15 | Retired 9520 common shares for $155000 cash |
What is the balance in the Common Shares account at December 31, 20x9?
Select one:
a. $1135858
b. $846945
c. $1001945
d. $868032
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Managerial Accounting
Authors: Ronald W Hilton
7th Edition
0073022853, 978-0073022857
