The corporate charter of Central, Inc. authorized the issuance of 20 million, $1 par common...
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Accounting
The corporate charter of Central, Inc. authorized the issuance of million, $ par common shares. During its first year of operations, Central had the following transactions:
January
Sold million shares at $ per share
September
Reacquired million treasury shares at $ per share
December
Resold million treasury shares at $ per share
What amount should Central report as additional paidin capital in its December balance sheet?
$ million
$ million
$ million
$ million
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