Question
United Resources Company obtained a charter from the state in January of this year. The charter authorized 216,000 shares of common stock with a par
United Resources Company obtained a charter from the state in January of this year. The charter authorized 216,000 shares of common stock with a par value of$2. During the year, the company earned $479,000 Also during the year, the following selected transactions occurred in the order given:
a. Sold 88,000 shares of the common stock in an initial public offering at $16 cash per share.
b. Repurchased 22,000 shares of the previously issued shares at $19 cash per share.
c. Resold 6,000 of the shares of the treasury stock at $22 cash per share.
find;
common stock
additional paid - in capital
total contributed capital
retained earning
total contributed capital and retained earnings
treasury stock
total stockholder's equity
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