Business, 15.04.2020 03:40 idk7193

The corporate charter of Pharaoh Tent Co. authorized the issuance of 6 million, $1 par common shares. During 2018, its first year of operations, Pharaoh had the following transactions: February 4 sold 4 million shares at $15 per share October 12 retired 1 million shares at $18 per share December 30 sold the 1 million shares at $20 per share What amount should Pharaoh report as additional paid-in capital in its December 31, 2018, balance sheet?

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The corporate charter of Pharaoh Tent Co. authorized the issuance of 6 million, $1 par common shares...

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