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A. Roberson Corporation was organized on January 1, 2014, with authorized capital of 750,000 shares of...

A. Roberson Corporation was organized on January 1, 2014, with authorized capital of 750,000 shares of $10 par value common stock. During 2014, Roberson issued 30,000 shares at $12 per share, purchased 3,000 shares of treasury stock at $13 per share, and sold 3,000 shares of treasury stock at $14 per share. What is the amount of Additional paid-in capital on December 31, 2014?

B. Roberson Corporation purchases 3,000 shares of its own $5 par common stock for $8 per share, recording it at cost. What will be the effect on total stockholders' equity?

Please show yr work & explain. Thanks

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ekkarill92 answered 1 year ago
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