b) An analysis of stockholders' equity of Hahn Corporation as of January 1, 2017, is as follows: Common stock, par value Tk. 20; authorized 100,000 shares; issued and outstanding 90,000 shares, Tk. 1,800,000; Paid-in capital in excess of par, Tk. 700,000; Retained earnings , Tk. 760,000. Hahn uses the cost method of accounting for treasury stock and during 2017 entered into the following transactions: i. Acquired 2,500 shares of its stock for Tk. 75,000. ii. Sold 2,000 treasury shares at Tk. 35 per share. iii. Sold the remaining treasury shares at Tk. 20 per share. Required: Assuming no other equity transactions occurred during 2017, what should Hahn report at December 31, 2017, as total additional paid-in capital?
b) An analysis of
Common stock, par value Tk. 20; authorized 100,000 shares; issued and outstanding 90,000 shares, Tk. 1,800,000; Paid-in capital in excess of par, Tk. 700,000;
i. Acquired 2,500 shares of its stock for Tk. 75,000.
ii. Sold 2,000 treasury shares at Tk. 35 per share.
iii. Sold the remaining treasury shares at Tk. 20 per share.
Required:
Assuming no other equity transactions occurred during 2017, what should Hahn report at December 31, 2017, as total additional paid-in capital?
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