At december 31 2010 the records of seacrest enterprises

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Reference no: EM13572695

At December 31, 2010, the records of Seacrest Enterprises provided the following selected and incomplete data:

Common stock (par $0.50; no changes during 2010).

Shares authorized, 10,000,000.

Shares issued, ? ; issue price $10 per share.

Shares held as treasury stock, 50,000 shares, cost $11 per share.

Net income for 2010, $2,400,000.

Common stock account $750,000.

Dividends declared and paid during 2010, $1 per share.

Retained earnings balance, January 1, 2010, $36,400,000.

The balance in the Additional paid-in capital account would be $_____ ??

Reference no: EM13572695

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