Carla Vista Corporation was organized on January 1, 2026 with the authorization of 1300000 shares of common stock with a par value of $6 per share. In 2026, the corporation had the following capital transactions: January 5 issued 650000 shares @ $11 per share July 28 purchased 76000 shares @ $11 per share December 31 sold the 76000 shares held in treasury @ $18 per share Carla Vista used the cost method to record the purchase and the reissuance of the treasury shares. What is the total amount of additional paid-in capital as of December 31, 2026? O $3782000. O $2558000. O $3250000.
Carla Vista Corporation was organized on January 1, 2026 with the authorization of 1300000 shares of common stock with a par value of $6 per share. In 2026, the corporation had the following capital transactions: January 5 issued 650000 shares @ $11 per share July 28 purchased 76000 shares @ $11 per share December 31 sold the 76000 shares held in treasury @ $18 per share Carla Vista used the cost method to record the purchase and the reissuance of the treasury shares. What is the total amount of additional paid-in capital as of December 31, 2026? O $3782000. O $2558000. O $3250000.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 5MC: Kent Corporation was organized on January 1, 2014. On that date, it issued 200,000 shares of 10 par...
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![Carla Vista Corporation was organized on January 1, 2026 with the authorization of 1300000 shares of common stock with a par
value of $6 per share. In 2026, the corporation had the following capital transactions:
January 5
issued 650000 shares @ $11 per share
July 28
purchased 76000 shares @ $11 per share
December 31 sold the 76000 shares held in treasury @ $18 per share
Carla Vista used the cost method to record the purchase and the reissuance of the treasury shares. What is the total amount of
additional paid-in capital as of December 31, 2026?
O $3782000.
O $2558000.
O $3250000.
O $-0-.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F160030f4-b03c-47b7-8a81-c792ff177a65%2Ff58a0107-f4dc-4804-97e4-88b5f7c3fae1%2F2hlv3es_processed.png&w=3840&q=75)
Transcribed Image Text:Carla Vista Corporation was organized on January 1, 2026 with the authorization of 1300000 shares of common stock with a par
value of $6 per share. In 2026, the corporation had the following capital transactions:
January 5
issued 650000 shares @ $11 per share
July 28
purchased 76000 shares @ $11 per share
December 31 sold the 76000 shares held in treasury @ $18 per share
Carla Vista used the cost method to record the purchase and the reissuance of the treasury shares. What is the total amount of
additional paid-in capital as of December 31, 2026?
O $3782000.
O $2558000.
O $3250000.
O $-0-.
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