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QUESTION 18 In Year 1, Stock to the Hand, Inc., issued 30,000 shares of the 400,000 shares of $0.30 par value common stock it
QUESTION 18 In Year 1, Stock to the Hand, Inc., issued 30,000 shares of the 400,000 shares of $0.30 par value common stock it is allowed to sell. The total received from issuing its common stock is $300,000. Stock to the Hand bought back 3,000 shares of its stock at a cost of $13 each. On December 31, the last day of Year 1, Stock to the Hand declared and paid a $0.40 per share dividend to its common shareholders. Additional Paid in Capital on the balance sheet at December 31, Year 1, equals Round your answer to the nearest dollar. QUESTION 19 In Year 1, Stock to the Hand, Inc., issued 80,000 shares of the 800,000 shares of $0.50 par value common stock it is allowed to sell. The total received from issuing its common stock is $500,000. Stock to the Hand bought back 8,000 shares of its stock at a cost of $18 each. On December 31, the last day of Year 1. Stock to the Hand declared and paid a $0.80 per share dividend to its common shareholders. Treasury Stock on the balance sheet at December 31, Year 1, equals. Use the negative sign (not parentheses) if your answer is negative. C
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