Answered>Order 2349
Multiple Choice, Question 84 Sosa Co.’s stockholders’ equity at January 1, 2010 is as follows:Outstanding 225,000 shares $2,250,000 Paid-in capital in excess of par 900,000 Retained earnings 2,190,000 Total $5,340,000 During 2010, Sosa had the following stock transactions:Acquired 6,000 shares of its stock for $270,000.3,600 treasury shares at $50 a share.Sold the remaining treasury shares […]