The financial statements for Highland Corporation included the following selected information: $ 495,000 $ 700,000 $1,020,000...

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The financial statements for Highland Corporation included the following selected information: $ 495,000 $ 700,000 $1,020,000 99,000 73,000 $ 750,000 Common stock Retained earnings Net income Shares issued Shares outstanding Dlvidends deciared and paid The common stock was sold at a price of $23 per share. Required: 1. What is the amount of additional paid-in capital? Addtional paid in capital 2 What was the amount of retained earnings at the beginning of the year? Retained earnings 3. How many shares are in treasury stock? Shares in treasury stock The financial statements for Highland Corporation included the following selected information: $ 495,000 $ 700,000 $1,020,000 99,000 73,000 $ 750,000 Common stock Retained earnings Net income Shares issued Shares outstanding Dlvidends deciared and paid The common stock was sold at a price of $23 per share. Required: 1. What is the amount of additional paid-in capital? Addtional paid in capital 2 What was the amount of retained earnings at the beginning of the year? Retained earnings 3. How many shares are in treasury stock? Shares in treasury stock

Answer rating: 100% (QA)

1 A Common Stock 495000 B Shares issued 99000 C AB Par Value of Common stock 5 D ... View the full answer