Question
Use the following to answer questions 23-26 J.T Corporation was organized on January 3, 20XE. The firm was authorized to issue 100,000,000 shares of
Use the following to answer questions 23-26 J.T Corporation was organized on January 3, 20XE. The firm was authorized to issue 100,000,000 shares of $1.00 par common stock. During 20XE, the company had the following transactions relating to shareholders' equity: Per share Shares Issued common stock (January) $20.00 300,000 Issued common stock (July) $22.00 200,000 Outstanding shares 490,000 Dividends declared $0.45 Treasury stock $25.00 Net income for the year 23. $ 24. $ What is the additional paid-in capital at the end of 20XE? What is total Paid-in capital at the end of 20XE? Total $650,000
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