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Common Stock, $1 par value Additional Paid In Capital Treasury Stock Retained Earnings Total Equity Year 2020 5,000 80,000 (11,000) 225,000 299,000 Year 2021 12,000 120,000 (17,000) 380,540 495,540 Given the above information, at what price were the shares issued in 2021?

Common Stock, $1 par value Additional Paid In Capital Treasury Stock Retained Earnings Total Equity Year 2020 5,000 80,000 (11,000) 225,000 299,000 Year 2021 12,000 120,000 (17,000) 380,540 495,540 Given the above information, at what price were the shares issued in 2021?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Common Stock, $1 par value Additional Paid In Capital Treasury Stock Retained Earnings Total Equity Year 2020 5,000 80,000 (11,000) 225,000 299,000 Year 2021 12,000 120,000 (17,000) 380,540 495,540 Given the above information, at what price were the shares issued in 2021?
Transcribed Image Text:Common Stock, $1 par value Additional Paid In Capital Treasury Stock Retained Earnings Total Equity Year 2020 5,000 80,000 (11,000) 225,000 299,000 Year 2021 12,000 120,000 (17,000) 380,540 495,540 Given the above information, at what price were the shares issued in 2021?
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