Business
Business, 22.04.2020 03:22, jachecj3269

United Resources Company obtained a charter from the state in January of this year. The charter authorized 215,000 shares of common stock with a par value of $2. During the year, the company earned $485,000 Also during the year, the following selected transactions occurred in the order given: a. Sold 98,000 shares of the common stock in an initial public offering at $15 cash per share. b. Repurchased 20,000 shares of the previously issued shares at $18 cash per share. c. Resold 11,000 of the shares of the treasury stock at $21 cash per share.

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United Resources Company obtained a charter from the state in January of this year. The charter auth...

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