Mid America Amusements Corporation had the following stockholders\' equity on No
ID: 2541308 • Letter: M
Question
Mid America Amusements Corporation had the following stockholders' equity on November 30 On December 30, Mid America purchased 175 shares of treasury stock at $8 per share. Read the requirements. (click the icon to view the stockholders' equity.) NovermDer 30 Mid America Amusements Corporation Balance Sheet (Partial) December 31 Stockholders Equity Paid-In Capital: Common Stock $5 Par Value; Paid-In Capital in Excess of Par-Common or Total Paid-In Capital Total Stockholders' Equity il till Choose from any list or entExplanation / Answer
Paid in Capital: Common stock-$5 par value; 1,300 shares authorised, 280 shares issued, 105 shares outstanding 1400 paid in capital in excess of par - common 4200 Total paid in capital 5600 Retained earnings 50000 Less: Treasury stock, At cost (175 shares, $8 par share) (1400) Total Stock holder's equity 54200