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Business, 02.03.2020 19:23 dirtridersteve65

The following information pertains to JAE Corp. at January 1, 2018:

Common stock, $10 par, 20,000 shares authorized, 2,000 shares issued and outstanding $20,000
Paid-in capital in excess of par, common stock 15,000
Retained earnings 82,000

JAE Corp. completed the following transactions during 2018:
Issued 3,000 shares of $10 par common stock for $25 per share.
Repurchased 500 shares of its own common stock for $26 per share.
Resold 200 shares of treasury stock for $30 per share.

Required:
(a) How many shares of common stock were outstanding at the end of the period?
(b) How many shares of common stock had been issued at the end of the period?

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Answers: 2

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The following information pertains to JAE Corp. at January 1, 2018:

Common stock, $10 pa...
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