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Compute balance in Additional Paid-in Capital on December

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Reference no: EM132566432

Question - One Love Corporation originally issued 50,000 shares of $10 par value common stock at $15 per share. During the current year, One Love Corporation issued 4,000 shares of its common stock at $14 per share, reacquired 3,500 shares of its common stock for $18 per share, and reissued 2,500 shares of treasury stock at $14 per share. Compute the balance in Additional Paid-in Capital on December 31?

a. $238,000.

b. $235,000.

c. $266,000.

d. $263,000.

Reference no: EM132566432

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