Sinason Company is authorized to issue 2 million shares of common stock. At the beginning of 2019
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Sinason Company is authorized to issue 2 million shares of common stock. At the beginning of 2019 it had 450,000 shares of common stock issued and 400,000 shares outstanding. The Common Stock account had a balance of $112,500 while the Paid-in Capital in Excess of Par account had a balance of $8,820,000. The Treasury Stock account had a balance of $750,000. During 2019 Sinason reissued all the treasury stock for $20 per share. Show how these events would be reported on the 2019 Statement of Stockholders’ Equity.
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Related Book For
Introduction To AccountingAn Integrated Approach
ISBN: 9781119600107
8th Edition
Authors: Penne Ainsworth, Dan Deines
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