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Business, 05.05.2020 04:12 marioh620

Exercise 11-13A Recording and reporting treasury stock transactions LO 11-5 The following information pertains to JAE Corp. at January 1, Year 1: Common stock, $10 par, 20,000 shares authorized, 2,000 shares issued and outstanding $20,000 Paid-in capital in excess of par, common stock 15,000 Retained earnings 82,000 JAE Corp. completed the following transactions during Year 1: Issued 3,000 shares of $10 par common stock for $25 per share. Repurchased 500 shares of its own common stock for $26 per share. Resold 200 shares of treasury stock for $30 per share.

Required a. How many shares of common stock were outstanding at the end of the period?

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Exercise 11-13A Recording and reporting treasury stock transactions LO 11-5 The following informatio...
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