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The next 3 questions comes from the 2nd set of Nearpod activities for Chapter 18 On January 1, 2019, OurNewCo Board of Directors authorized 400,000
The next 3 questions comes from the 2nd set of Nearpod activities for Chapter 18 On January 1, 2019, OurNewCo Board of Directors authorized 400,000 common shares for issuance. On that date, 75,000 shares with a $1 par value were issued for $10 per share. On April 1, 2019, OurNewCo reacquired 20.000 shares of common stock at $35 per share to hold as treasury shares. On December 15, 2019. OurNewCo reissued 1,000 shares out of treasury for $50 per share On December 30, 2019, OurNewCo reissued 1,000 shares out of treasury for $40 per share Question 3 2 pts After the entries above, the balance in the Treasury Stock account will be: Question 4 2 pts After the entries above, the balance in the PIC-Share Repurchase account will be? (enter whole numbers without dollar signs) Question 5 2 pts After the entries above, the total number of shares outstanding will be? (use whole numbers)
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