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X360 Liberation Sa 12 V BIU.L..A #A - $ - % * * S ETT <|| On January 1, 2020, ABC Corp. had issued 100,000 shares of $5 par v
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Shareholder equity
Paid - in Capital
      Common stock, $5 par value, 500,000 shares Authorized
         100,000 shares issued & outstanding                                [100,000 shares x $5] $500,000
      Paid-in capital in excess of par value - Common stock       [100,000 shares x ($10 - $5)] $500,000
           Total Paid-In Capital                                                      [$500,000 + $500,000] $1,000,000
Retained Earnings $350,000
Total Stockholders' Equity                                                      [$1,000,000 + $350,000] $1,350,000
Shareholder equity
Paid - in Capital
      Common stock, $1 par value, 500,000 shares Authorized
         100,000 shares issued & outstanding $500,000
      Paid-in capital in excess of par value - Common stock $500,000
           Total Paid-In Capital      $1,000,000
Retained Earnings $350,000
Total Paid-In Capital and Retained Earnings $1,350,000
Less: Treasury stock                [$10,000 shares x $8] $80,000
Total Stockholders' Equity $1,270,000
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