On 1/1/2023 ABC issued 586 shares of common stock with a par value of $2 at $54 each.\\nOn June 15, 2023, he repurchased 293 in exchange for $43.2.\\n\\nWhat is the total contributed capital after purchasing the shares on June 15?On 1/1/2023 ABC issued 586 shares of common stock with a par value of $2 at $54 each.\\nOn June 15, 2023, he repurchased 293 in exchange for $43.2.\\n\\nWhat is the total contributed capital after purchasing the shares on June 15?
On 1/1/2023 ABC issued 586 shares of common stock with a par value of $2 at $54 each.\\nOn June 15, 2023, he repurchased 293 in exchange for $43.2.\\n\\nWhat is the total contributed capital after purchasing the shares on June 15?On 1/1/2023 ABC issued 586 shares of common stock with a par value of $2 at $54 each.\\nOn June 15, 2023, he repurchased 293 in exchange for $43.2.\\n\\nWhat is the total contributed capital after purchasing the shares on June 15?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On 1/1/2023 ABC issued 586 shares of common stock with a par value of $2 at $54 each.\\nOn June 15, 2023, he repurchased 293 in exchange for $43.2.\\n\\nWhat is the total contributed capital after purchasing the shares on June 15?On 1/1/2023 ABC issued 586 shares of common stock with a par value of $2 at $54 each.\\nOn June 15, 2023, he repurchased 293 in exchange for $43.2.\\n\\nWhat is the total contributed capital after purchasing the shares on June 15?
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