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Please help mee Problem 11-2A Fechter Corporation had the following stockholders' equity accounts on January 1, 2015: Common Stock ($4 par) $403,560, Paid-in Capital in
Please help mee
Problem 11-2A Fechter Corporation had the following stockholders' equity accounts on January 1, 2015: Common Stock ($4 par) $403,560, Paid-in Capital in Excess of Par-Common Stock $221,840, and Retained Earnings $112,240. In 2015, the company had the following treasury stock transactions. Mar. 1 Purchased 6,480 shares at $9 per share. June 1 Sold 1,420 shares at $13 per share. Sept.i Sold 1,660 shares at $10 per share Dec. 1 Sold 1,260 shares at $6 per share. Fechter Corporation uses the cost method of accounting for treasury stock. In 2015, the company reported net income of $31,300Step by Step Solution
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