Calculate the balance of common shares at the end of 2022.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Best Windows Ltd started operations on January 1, 2022. On this day, Best Windows issued common shares for 50,000. On April 30, Best Windows repurchased 10,000 of its common shares. On December 20, the company issued common shares for 70,000. Calculate the balance of common shares at the end of 2022.

Transcribed Image Text:Best Windows Ltd. started operations on January 1, 2022. On this day, Best Windows issued commons shares for $50,000. On April
30, Best Windows repurchased $10,000 of its common shares. On December 20, the company issued common shares for $70,000.
Calculate the balance of common shares at the end of 2022.
O $100,000
O $40,000
$60,000
O $110,000
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