Business, 21.05.2020 03:02 SmokeyRN

The corporate charter of Llama Co. authorized the issuance of 12 million, $1 par common shares. During 2021, its first year of operations, Llama had the following transactions: January 1 sold 10 million shares at $17 per share June 3 purchased 4 million shares of treasury stock at $20 per share December 28 sold the 4 million shares of treasury stock at $22 per share What amount should Llama report as additional paid-in capital in its December 31, 2021, balance sheet

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The corporate charter of Llama Co. authorized the issuance of 12 million, $1 par common shares. Duri...