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Home Q & A Board Other Fields Homework Help Business Accounting
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Tomm Tomm
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6 years ago
On January 1, 2013, Automatic Train Corporation had 30,000 common shares outstanding issued at $10 each. On June 1, 2013, Automatic Train Corporation issued 12,000 shares of its common shares at $15 per share. On November 30, 2013, Automatic Train Corporation repurchased 3,000 shares of its common shares for $17 per share. The balance in Common shares on December 31, 2013, as shown on the statement of shareholders' equity, is:
A) $429,000
B) $445,200
C) $445,714
D) $480,000
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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ACC 925

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