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ZZZ Corporation was organized on January 1, 2019, with an authorization of 100,000 shares of $20 par value common stock. During 2019, ZZZ had the
ZZZ Corporation was organized on January 1, 2019, with an authorization of 100,000 shares of $20 par value common stock. During 2019, ZZZ had the following common stock transactions: Jan. 4: Issued 20,000 shares @ $22 per share. Apr. 8: Issued 30,000 shares @ $25 per share. June 9: Issued 10.000 shares @ $23 per share. July 29: Purchased 10,000 shares (treasury) @ $30 per share. Dec. 31: Sold 10,000 shares held in treasury @ $32 per share. ZZZ had no other transactions affecting paid-in capital. At December 31, 2019, What is the total amount of paid-in capital? Select one: a. $1,440,000 e b. $240,000 c. $220,000 d. $1,520,000 A bond selling for an amount above face value is said to be selling at a premium Select one: a. False b. True
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