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Cullumber Ltd. was organized on January 1, 2023, with 301800 no par value common shares authorized. During 2023, the corporation had the following share transactions: Jan. 4 Issued 121200 shares at $9 per share Mar. 8 Issued 39200 shares at $10 per share May 17 Purchased 15600 shares at $11 per share and cancelled them July 6 Issued 31200 shares at $12 per share Aug. 27 Issued 10000 shares at $13 per share The total amount of contributed surplus at December 31, 2023 is ○ $36456. ○ $180600. $144144. ○ $0.

Cullumber Ltd. was organized on January 1, 2023, with 301800 no par value common shares authorized. During 2023, the corporation had the following share transactions: Jan. 4 Issued 121200 shares at $9 per share Mar. 8 Issued 39200 shares at $10 per share May 17 Purchased 15600 shares at $11 per share and cancelled them July 6 Issued 31200 shares at $12 per share Aug. 27 Issued 10000 shares at $13 per share The total amount of contributed surplus at December 31, 2023 is ○ $36456. ○ $180600. $144144. ○ $0.

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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Cullumber Ltd. was organized on January 1, 2023, with 301800 no par value common shares authorized. During 2023, the corporation had the following share transactions: Jan. 4 Issued 121200 shares at $9 per share Mar. 8 Issued 39200 shares at $10 per share May 17 Purchased 15600 shares at $11 per share and cancelled them July 6 Issued 31200 shares at $12 per share Aug. 27 Issued 10000 shares at $13 per share The total amount of contributed surplus at December 31, 2023 is ○ $36456. ○ $180600. $144144. ○ $0.
Transcribed Image Text:Cullumber Ltd. was organized on January 1, 2023, with 301800 no par value common shares authorized. During 2023, the corporation had the following share transactions: Jan. 4 Issued 121200 shares at $9 per share Mar. 8 Issued 39200 shares at $10 per share May 17 Purchased 15600 shares at $11 per share and cancelled them July 6 Issued 31200 shares at $12 per share Aug. 27 Issued 10000 shares at $13 per share The total amount of contributed surplus at December 31, 2023 is ○ $36456. ○ $180600. $144144. ○ $0.
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