ane Technologies Inc. reported the following information related to its shareholders' equity on January 1: Common shares, 1,680,000 authorized, 840,000 shares issued $2,520,000 Contributed surplus-reacquisition of common shares 14,290 Retained earnings 714.000 uring the year, the following transactions related to common shares occurred in the order listed: 1. Issued 35,000 shares at $4.00 per share. 2. Reacquired 10.000 shares at $3.00 per share. 3.1 Issued 5,000 shares at $4.78 per share. 4. Reacquired 19.000 shares at $4 per share. 5. Reacquired 76.000 shares at $3 per share.
ane Technologies Inc. reported the following information related to its shareholders' equity on January 1: Common shares, 1,680,000 authorized, 840,000 shares issued $2,520,000 Contributed surplus-reacquisition of common shares 14,290 Retained earnings 714.000 uring the year, the following transactions related to common shares occurred in the order listed: 1. Issued 35,000 shares at $4.00 per share. 2. Reacquired 10.000 shares at $3.00 per share. 3.1 Issued 5,000 shares at $4.78 per share. 4. Reacquired 19.000 shares at $4 per share. 5. Reacquired 76.000 shares at $3 per share.
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter13: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 3PA: The following selected accounts appear in the ledger of EJ Construction Inc. at the beginning of the...
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