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Determine the dollar amount that alpha will report

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Question - On Jan 2, 2017, the first year of operations, Alpha corp., issued 15,000 shares of $10 par value common stock for $15 per share. On Jul 1, 2017, alpha corp., 1,000 of these shares were reacquired for $20 each. On Sept 1, 2017 Alpha corp reissued 500 shares of its treasury stock for $22 per share. No other stock transactions occurred during the rest of fiscal year 2017. From this information determine the dollar amount that alpha will report on its final year balance sheet.

Reference no: EM132195405

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