Crane Corporation was organized on January 1, 2020, with authorized capital of 502000 shares of $10 par value common stock. During 2020, Crane issued 31400 shares at $13 per share, purchased 3400 shares of treasury stock at $13 per share, and sold 3400 shares of treasury stock at $14 per share. What is the amount of additional paid-in capital at December 31, 2020?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Crane Corporation was organized on January 1, 2020, with authorized capital of 502000 shares of $10 par value common stock. During 2020, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
You earn $400 a month after taxes. a. Find your net income in one year b. Calculate 20% of your annual net income to find your safe debt load c.
Answers (1)
A problem that arises in markets where one party knows more about attributes of the good being sold than the other. Sellers of used goods, for example, know about their goods' defects, while buyers do not. eg.
Answers (2)
Starr Company reports the following information for August. Raw materials purchased on account$81,000 Direct materials used in production$59,800 Factory wages earned (direct labor) $18,650 Overhead rate 135% of direct labor cost Prepare journal
Answers (1)
What are some possibilities for handling conflict within a professional environment?
Answers (1)
Robinson's has 42,000 shares of stock outstanding with a par value of $1 per share and a market price of $42 a share.
Answers (1)
New Questions in Business
The world is often described as having a global economy. How important is international trade to the United States?
Answers (1)
Buyer of a good bear the larger share of the tax burden when a tax is placed on a product for whicha. the supply is more elastic than the demand. b. the demand in more elastic than the supply. c. the tax is placed on the sellers of the product. d.
Answers (1)
Why is it important to distinguish between unilateral and mutual mistakes?
Answers (1)
Fixed expenses: a. includes labor, raw materials, and commissions. b. can be estimated by taking into consideration the production. c. are incurred regardless of sales volume. d. must be linked to strategy in the business plan
Answers (1)
True or false: to promote stability in commodity markets, international commodity agreements have relied on production and export controls, buffer stocks, and multilateral contracts.
Answers (1)