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Business, 23.12.2019 17:31 tiatia032502

Weldon wire has issued 2,500,000 shares of $2 par common stock at an average price of $10 per share. of these, 100,000 shares were repurchased during the year for $15 each and retired. another 200,000 shares of the shares were repurchased for $17 each and are being held for later use. there were no other common stock transactions during the year.

required:
determine the balance in each of the following shareholders’ equity accounts: common stock—par; additional paid-in capital; and treasury stock.

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Weldon wire has issued 2,500,000 shares of $2 par common stock at an average price of $10 per share....
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