Question
On December 31, 2023, Curly Cats, reported that it had 2,500,000 common shares issued and outstanding with a book value of $30,000,000 and $450,000 contributed
On December 31, 2023, Curly Cats, reported that it had 2,500,000 common shares issued and outstanding with a book value of $30,000,000 and $450,000 contributed surplus arising from the previous repurchase of common shares • On July 1, 2023, Curly Cats issued 500,000 at a price of $18 each • On November 1, 2023, Curly Cats repurchased and cancelled 100,000 at a cost of $13 each.
What is the remaining balance in contributed suplus after the above transactions.
ENTER A NUMBER ONLY. Do not enter +/-, commas or $. Do not round intermediary calculation, round final answer to nearet dollar.
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The total amount raised from the issuance of 500000 ...
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
6th edition
0-07-786223-6, 101259095592, 13: 978-0-07-7, 13978125909559, 978-0077862237
