Happy Valley Potato Corp. issued 100,000 common shares at $12.00 per share. Later, when the market price
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Happy Valley Potato Corp. issued 100,000 common shares at $12.00 per share. Later, when the market price was $15.00 per share, the company distributed a 10 percent stock dividend. Then Happy Valley Potato Corp. repurchased 500 shares at $20.00 per share. What is the balance in the Common Shares account after these transactions?
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Related Book For
Horngrens Accounting
ISBN: 9780135359785
11th Canadian Edition Volume 2
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann Johnston, Peter R. Norwood
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