During 2010 sandwick issued 20000 shares at 12 per share, Ask an Expert

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Sandwick Corporation was organized on January 1, 2010, with authorized capital of 500,000 shares of $10 par value common stock. During 2010, Sandwick issued 20,000 shares at $12 per share, purchased 2,000 shares of treasury stock at $13 per share, and sold 2,000 shares of treasury stock at $14 per share. What is the amount of additional paid-in capital at December 31, 2010?

a) $42,000

b) $0

c) $2,000

d) $40,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M972399

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