Roberson corporation was organized on january 1, 2014, with authorized capital of 750,000 shares of $10 par value common stock. during 2014, roberson issued 30,000 shares at $12 per share, purchased 3,000 shares of treasury stock at $13 per share, and sold 3,000 shares of treasury stock at $14 per share. what is the amount of additional paid-in capital on december 31, 2014?

additional paid capital = $63000

Explanation:

Given data

share = 750000 @ $10 / common stock

issued =  30,000 shares @ $12 per share

purchased = 3,000 shares @  $13 per share

sold = 3,000 shares @ $14 per share

to find out

the amount of Additional paid-in capital

solution

we know here additional paid capital is sum of all value

so we find first

issued value that is

issue share value = no of share ×  excess per share

issue share value = 30000 ×  (12-10)

issue share value = $60000   1

and

purchased value

purchased share value = no of share ×  excess per share

purchased share value = 3000 ×  (13-10)

purchased share value = $9000   2

and

sold value

sold share value = no of share ×  excess per share

sold share value = 3000 ×  (14-10)

sold share value = $12000   3

so

additional paid capital is sum of equation 1 , 2 and 3

additional paid capital = $60000 + $9000 +$12000

additional paid capital = $63000