Ivanhoe Corporation was organized on January 1, 2023, with 409000 no par value commonshares authorized. During 2023, the corporation had the following share transactions:Jan.5Apr. 6June 8July 28Dec. 31VAIssued 154000 shares at $8 per shareIssued 58000 shares at $10 per shareIssued 58000 shares at $12 per sharePurchased 21000 shares at $9 per share and cancelled themIssued 21000 shares at $16 per shareWhat is the total amount of contributed surplus at December 31, 2023? (Round intermediatecalculations to 2 decimal places, e.g. 52.75.)O $189000$0$21000$6090

Contributed Surplus is one of important component of stockholders equity. This means amount…

Ivanhoe Corporation was organized on January 1, 2023, with 409000 no par value common shares authorized. During 2023, the corporation had the following share transactions: Jan. 5 Issued 154000 shares at $8 per share Apr. 6 Issued 58000 shares at $10 per share June 8 Issued 58000 shares at $12 per share July 28 Purchased 21000 shares at $9 per share and cancelled them Dec. 31 Issued 21000 shares at $16 per share What is the total amount of contributed surplus at December 31, 2023? (Round intermediate calculations to 2 decimal places, e.g. 52.75.) $189000 $0 $21000 O $6090

Ivanhoe Corporation was organized on January 1, 2023, with 409000 no par value common shares authorized. During 2023, the corporation had the following share transactions: Jan. 5 Issued 154000 shares at $8 per share Apr. 6 Issued 58000 shares at $10 per share June 8 Issued 58000 shares at $12 per share July 28 Purchased 21000 shares at $9 per share and cancelled them Dec. 31 Issued 21000 shares at $16 per share What is the total amount of contributed surplus at December 31, 2023? (Round intermediate calculations to 2 decimal places, e.g. 52.75.) $189000 $0 $21000 O $6090

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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