Question: Kieso, Intermediate Accounting, 16e Multiple Choice Question 82 An analysis of stockholders equity of Swifty Corporation as of January 1.2018, is as follows Common stock,
Kieso, Intermediate Accounting, 16e Multiple Choice Question 82 An analysis of stockholders equity of Swifty Corporation as of January 1.2018, is as follows Common stock, par value $20; authorized 100,000 shares $1660000 issued and outstanding 83000 shares Paid-in capital in excess of par Retained earnings Total 830000 765000 325 Swifty uses the cost method of accounting for treasury s ring 2018 entered into the following transactions: Acquired 2460 shares of its stock for s76260 Sold 1990 treasury shares at $36 per share. Sold the remaining treasury shares at $18 per share Assuming no other equity transactions occurred during 2018, what should Swifty report at December 31, 2018, as total $823890 O $846060 O $830000 $833840
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