Business, 23.10.2019 17:30 loredobrooke5245

An analysis of stockholders' equity of hahn corporation as of january 1, 2010, is as follows:

common stock, par value $20; authorized 100,000 shares;

issued and outstanding 90,000 shares $1,800,000
paid-in capital in excess of par 900,000
retained earnings 760,000

total $3,460,000

hahn uses the cost method of accounting for treasury stock and during 2010 entered into the following transactions:
acquired 2,500 shares of its stock for $75,000.
sold 2,000 treasury shares at $35 per share.
sold the remaining treasury shares at $20 per share.

assuming no other equity transactions occurred during 2010, what should hahn report at december 31, 2010, as total additional paid-in capital?

a. $895,000
b. $900,000
c. $905,000
d. $915,000

Answers: 3

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An analysis of stockholders' equity of hahn corporation as of january 1, 2010, is as follows:
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