Watt Co.'s stockholders' equity at January 1, 2008 is as follows:
No other stock transactions occurred during 2008. Assuming Watt uses the cost method to record treasury stock transactions, the total amount of all additional paid-in capital accounts at December 31, 2008 is

Question

Watt Co.'s stockholders' equity at January 1, 2008 is as follows:
 No other stock transactions occurred during 2008. Assuming Watt uses the cost method to record treasury stock transactions, the total amount of all additional paid-in capital accounts at December 31, 2008 is

Quizplus · Accepted Answer

$900,000 + (3,600 × $5) - (2,400 × $4) = $908,400

Watt Co'S Stockholders' Equity at January 1, 2008 Is as Follows