Question
On January 1, 2020, an analysis of Stellar Corporations stockholders equity showed the following: Over the course of 2020, Stellar conducted several transactions involving treasury
On January 1, 2020, an analysis of Stellar Corporations stockholders equity showed the following: Over the course of 2020, Stellar conducted several transactions involving treasury stock. Specifically, it acquired 6,000 shares of its stock for $390,000; then sold 3,600 treasury shares at $70 per share; and then sold its remaining treasury shares at $61 per share. Assume Stellar uses the cost method of accounting for treasury stock and conducted no other stock transactions during 2020. Given this information, on December 31, 2020, Stellar should report total additional paid-in capital of
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