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The corporate charter of Apoca Company outhorized the ksubnce of 30 mition, $1 par commion shares. Dueing 2024 its nirstyear of operations, Aupoce had the

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The corporate charter of Apoca Company outhorized the ksubnce of 30 mition, $1 par commion shares. Dueing 2024 its nirstyear of operations, Aupoce had the following transactions: January 1 sold 26 million shares at 55 per share June 3 retired 12 nillion shares at $11 per share December 28 sold 4 milion shares at 522 per share Whot omount should Aupsca report os additional paid in copithl-excess of por, in its December 31. 2024, bolance sheet? Muniple Croice sell milion 540 mitian 8 sed nwher Multiple Choice 968 milion 5140 milken $104 milion $206 midion Under current tax law for an industry where NOL carryback is allowed, generally a net operating foss may be carried back: Mutiple Choice 2 yean. tiyears. 5 years 20 yean

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