The corporate charter of Llama Co. authorized the issuance of 28 million, $1 par common shares. During 2021, its first year of operations, Llama had the following transactions: January 1 sold 3 million shares at $33 per share June 3 purchased 20 million shares of treasury stock at $36 per share December 28 sold the 4 million shares of treasury stock at $38 per share What amount should Llama report as additional paid-in capital in its December 31, 2021, balance sheet?

Activity-based costing (abc) is not truly a cost collection mechanism as much as it is an inventory valuation method. the main purpose for implementing an activity-based cost system is to try to overcome some of the cost distortions that occur in traditional costing from product differences when there are variations in size and complexity. however, one of the disadvantages of utilizing abc is that the additional information gathering necessary to implement costing with that level of detail might be beyond the reach of some companies with resource or financial constraints. with this in mind, what kinds of industries or companies do you think would benefit most from using activity-based costing and why? in designing or modifying an accounting system to capture appropriate costs for abc, what considerations do you think would need to be made?