The corporate charter of Alpaca Co. authorized the issuance of 10 million, $1 par common shares. During 2018, its first year of operations, Alpaca had the following transactions: January 1 sold 8 million shares at $15 per share June 3 retired 2 million shares at $18 per share December 28 sold 2 million shares at $20 per share What amount should Alpaca report as additional paid-in capital - excess of par, in its December 31, 2018, balance sheet?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The corporate charter of Alpaca Co. authorized the issuance of 10 million, $1 par common shares. During 2018, its first year of operations, ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
If a positively charged particle move into a magnetic field traveling in a straight line, how would you expect its motion to change?
Answers (1)
List 3 advantages of Social Media for businesses
Answers (1)
On July 1, 2005, Lee Co. sold goods in exchange for a $200,000, 8-month, noninterest-bearing note receivable. At the time of the sale, the note's market rate of interest was 12%.
Answers (1)
The term risk, when applied to borrowers, specifically refers to a. lifestyles. b. the risk that the borrower will not get a loan. c. the risk associated with a major purchase. d. the likelihood that the borrower will not pay the loan.
Answers (1)
A particular dress manufacturer closes a factory in South Carolina and moves the factory to Malaysia, where labor costs are lower. This is an example of
Answers (1)
New Questions in Business
What is the largest level of organization for the environment?
Answers (1)
An advantage of the prototype model in describing how we think about concepts is that
Answers (1)
Near the end of the eighteenth century, the dollar: a. was a nickname for the Spanish Peso. b. was more plentiful than any other coin. c. was customarily used to reckon accounts. d. All of the above are correct.
Answers (1)
The type of vertical marketing system that achieves coordination at successive stages of production and distribution by the size and influence of one channel member rather than through ownership is referred to as Multiple Choice a corporate vertical
Answers (1)
Lopez Sales Company had the following balances in its accounts on January 1, 2018: Cash$68,000 Merchandise Inventory 48,000 Land 108,000 Common Stock 88,000 Retained Earnings 136,000 Lopez experienced the following events during 2018: Sold
Answers (1)