During 2021 if Anya Corporation has issued common stock equal to 30% ofthe outstanding common stock at a price of 120% of the par value, the number of shares issued and outstanding would be________ and the total paid-in capital would be $_________ Balance Sheet (partial)At December 31, 2020Paid-in CapitalCommon Stock, $9 par value, 3,000,000 shares authorized,$10,530,000shares issued, and shares outstandingAdditional Paid-in Capital in Excess of Par$4,680,000Total Paid-in Capital$15,210,000Retained Earnings$11,380,000Total Shareholders' Equity$26,590,000

Common stock represents the capital contributed by owners of a company. Common stock holders possess…

During 2021 if Anya Corporation has issued common stock equal to 30% of the outstanding common stock at a price of 120% of the par value, the number of shares issued and outstanding would be________ and the total paid-in capital would be $_________

During 2021 if Anya Corporation has issued common stock equal to 30% of the outstanding common stock at a price of 120% of the par value, the number of shares issued and outstanding would be and the total paid-in capital would be $_

FINANCIAL ACCOUNTING

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ISBN:9781259964947

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Chapter1: Financial Statements And Business Decisions

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Question

100%

During 2021 if Anya Corporation has issued common stock equal to 30% of
the outstanding common stock at a price of 120% of the par value, the number of shares issued and outstanding would be________ and the total paid-in capital would be $_________

Balance Sheet (partial)
At December 31, 2020
Paid-in Capital
Common Stock, $9 par value, 3,000,000 shares authorized,
$10,530,000
shares issued, and shares outstanding
Additional Paid-in Capital in Excess of Par
$4,680,000
Total Paid-in Capital
$15,210,000
Retained Earnings
$11,380,000
Total Shareholders' Equity
$26,590,000

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