FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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During its first year of operations, Vader Corp. issued 15,000 shares of its $1 par common stock for
$65,000. In June, Vader issued an additional 5,000 shares of the same $1 par common stock for
$8.25 each. During September, Vader repurchased 2,500 shares for $25,000; this left Vader with
17,500 shares outstanding. What is the balance in the Common Stock account as of December 31st?
$81.250
O $106,250
O $17,500
O $20,000
O None of the above.
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Transcribed Image Text:During its first year of operations, Vader Corp. issued 15,000 shares of its $1 par common stock for $65,000. In June, Vader issued an additional 5,000 shares of the same $1 par common stock for $8.25 each. During September, Vader repurchased 2,500 shares for $25,000; this left Vader with 17,500 shares outstanding. What is the balance in the Common Stock account as of December 31st? $81.250 O $106,250 O $17,500 O $20,000 O None of the above.
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