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roblem 13-1A Stockholders' equity transactions and analysis LO C2, P1 Kinkaid Co. is incorporated at the beginning of this year and engages in a number

roblem 13-1A Stockholders' equity transactions and analysis LO C2, P1

Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders equity during its first year of operations.

General Journal Debit Credit
a. Cash 280,000
Common Stock, $25 Par Value 225,000
Paid-In Capital in Excess of Par Value, Common Stock 55,000
b. Organization Expenses 170,000
Common Stock, $25 Par Value 127,000
Paid-In Capital in Excess of Par Value, Common Stock 43,000
c. Cash 45,000
Accounts Receivable 17,000
Building 82,500
Notes Payable 59,700
Common Stock, $25 Par Value 54,800
Paid-In Capital in Excess of Par Value, Common Stock 30,000
d. Cash 143,000
Common Stock, $25 Par Value 80,000
Paid-In Capital in Excess of Par Value, Common Stock 63,000

Required: 2. How many shares of common stock are outstanding at year-end? 3. What is the amount of minimum legal capital (based on par value) at year-end? 4. What is the total paid-in capital at year-end? 5. What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $780,000?

How many shares of common stock are outstanding at year-end? What is the amount of minimum legal capital (based on par value) at year-end? What is the total paid-in capital at year-end?

2. Number of outstanding shares
3. Minimum legal capital
4. Total paid-in capital

What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $780,000?

Book Value per Common Share
Choose Numerator: / Choose Denominator: = Book Value per Common Share
/ = Book value per common share
/ =

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