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Use the following to answer questions 23 - 26 TAR Corporation was organized on January 3, 20XE. The firm was authorized to issue 100,000,000 shares
Use the following to answer questions 23 - 26 TAR Corporation was organized on January 3, 20XE. The firm was authorized to issue 100,000,000 shares of $0.01 par common stock. During 20XE, the company had the following transactions relating to shareholders' equity: Per share Shares Total $8.00 $10.00 400,000 200,000 590,000 Issued common stock (January) Issued common stock (July) Outstanding shares Dividends declared Treasury stock Net income for the year $0.10 $11.00 $500,000 Use the following to answer questions 23 - 26 TAR Corporation was organized on January 3, 20XE. The firm was authorized to issue 100,000,000 shares of $0.01 par common stock. During 20XE, the company had the following transactions relating to shareholders' equity Per share Shares Total 400,000 $8.00 $10.00 200,000 590,000 Issued common stock (January) Issued common stock (July) Outstanding shares Dividends declared Treasury stock Net income for the year $0.10 $11.00 $500,000 Chapter 10 Page 10-4 23. $. What is total Paid-in capital at the end of 20XE? What is the additional paid-in capital at the end of 20XE? 25. $. What is total retained earnings at the end of 20XE? 26. $ What is total stockholders' equity at the end of 20XE
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