d 10,000 shares of stock to the public. Golden Glitter purchased 750 shares of i

Question

d 10,000 shares of stock to the public. Golden Glitter purchased 750 shares of its own stock when the stock was trading at $52 on March 1. Go shares to the public on March 30 when the stock price was $49. What is the impact to additional paid-in-capital within the March 30 journal ent O Additional paid-in-capital will be debited for $900. O Additional paid-in-capital is not included in the March 30 journal entry O Additional paid-in-capital will be credited for $3. Additional paid-in-capital will be credited for $900.

Explanation / Answer

1 Additional paid in capital is not included in the March 30 journal entry 2 Flower corporation as it has higher net cash flows from operating activities

Related Questions

Navigate

• Browse (All)
• Browse D
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.