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What is the January balance of common stock

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Question - On January 1, 2019, Fitbit goes public and issues 50 million shares at $20 per share.

Fitbit had 200 million shares prior to going public and the book value of the common stock & additional paid in capital was $500 million.

On January 1, 2020, Fitbit shares are trading at $45 per share and, for the first time ever, Fitbit buys back 20 million shares.

What is the January 1, 2020 balance of common stock & APIC?

Reference no: EM132597950

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