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Use the following to answer questions 23 - 26 The company was organized on January 3, 20XE. The firm was authorized to issue 100,000,000 shares
Use the following to answer questions 23 - 26 The company was organized on January 3, 20XE. The firm was authorized to issue 100,000,000 shares of $0.05 par common stock. During 20XE, the company earned $725,000 in net income and had the following transactions relating to shareholders' equity: Common APIC Effect on Total Per stock Stockholders share Shares Equity Issued common stock (January) $12.00 800,000 Issued common stock (July) $13.00 200,000 Outstanding shares 950,000 Dividends declared $0.15 Net income for the year Treasury stock $26.00 23. S What is total Pald-in capital at the end of 20XE? 24. $ What is the additional paid-in capital at the end of 20XEP 25. S What is total retained earnings at the end of 20XE? What is total stockholders' equity at the end of 20XE? 26
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