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On January 1, 2019, Fitbit goes public and issues 50 million shares at $20 per share. Fitbit had 200 million shares prior to going public
- On January 1, 2019, Fitbit goes public and issues 50 million shares at $20 per share.
- Fitbit had 200 million shares prior to going public and the book value of the common stock & additional paid in capital was $500 million.
- On January 1, 2020, Fitbit shares are trading at $45 per share and, for the first time ever, Fitbit buys back 20 million shares.
What is the January 1, 2020 balance of common stock & APIC?
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College Accounting Chapters 1-13
Authors: John Price
14th Edition
007763991X, 9780077639914
