Coronado Company had the following stockholders' equity as of January 1, 2025. Common stock, $5 par value, 19,100 shares issued Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity During 2025, the following transactions occurred. Feb. 1 Mar. 1 Mar. 18 Apr. 22 May 1 $95,500 304,000 314,000 $713,500 Coronado repurchased 2,150 shares of treasury stock at a price of $20 per share. 720 shares of treasury stock repurchased above were reissued at $10 per share 530 shares of treasury stock repurchased above were reissued at $13 per share. 630 shares of treasury stock repurchased above were reissued at $22 per share. Remaining treasury shares are retired.
Coronado Company had the following stockholders' equity as of January 1, 2025. Common stock, $5 par value, 19,100 shares issued Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity During 2025, the following transactions occurred. Feb. 1 Mar. 1 Mar. 18 Apr. 22 May 1 $95,500 304,000 314,000 $713,500 Coronado repurchased 2,150 shares of treasury stock at a price of $20 per share. 720 shares of treasury stock repurchased above were reissued at $10 per share 530 shares of treasury stock repurchased above were reissued at $13 per share. 630 shares of treasury stock repurchased above were reissued at $22 per share. Remaining treasury shares are retired.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 76E
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