Question: Devona Enterprises began fiscal 2010 on January 1 with 1
Devona Enterprises began fiscal 2010 on January 1 with 1 million shares of common stock authorized and 300,000 shares issued and outstanding. The par value of the common stock is $ 0.50 per share and the additional paid- in capital was $ 5,037,500 on January 1, 2010. On March 15, Devona issued an additional 50,000 shares of common stock for $ 21 per share. On October 31, Devona purchased 10,000 shares of common stock for $ 19 per share to be held as treasury stock. Show how these events would be reported on the 2010 Statement of Owners’ Equity.
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