An analysis of stockholders' equity of Hahn Corporation as of January 1, 2014, is as follows: Hahn uses the cost method of accounting for treasury stock and during 2014 entered into the following transactions:Acquired 2,500 shares of its stock for $75,000.Sold 2,000 treasury shares at $35 per share.Sold the remaining treasury shares at $20 per share.Assuming no other equity transactions occurred during 2014, what should Hahn report at December 31, 2014, as total additional paid-in capital?

Question

An analysis of stockholders' equity of Hahn Corporation as of January 1, 2014, is as follows:  Hahn uses the cost method of accounting for treasury stock and during 2014 entered into the following transactions:Acquired 2,500 shares of its stock for $75,000.Sold 2,000 treasury shares at $35 per share.Sold the remaining treasury shares at $20 per share.Assuming no other equity transactions occurred during 2014, what should Hahn report at December 31, 2014, as total additional paid-in capital?

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The Answer of An analysis of stockholders' equity of Hahn Corporation as of January 1, 2014, is as follows:  Hahn uses the cost method of accounting for treasury stock and during 2014 entered into the following transactions:Acquired 2,500 shares of its stock for $75,000.Sold 2,000 treasury shares at $35 per share.Sold the remaining treasury shares at $20 per share.Assuming no other equity transactions occurred during 2014, what should Hahn report at December 31, 2014, as total additional paid-in capital?

An Analysis of Stockholders' Equity of Hahn Corporation as of January