My first Magazine ACC 206 All Assignments | Page 10

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Common
4,620,000
3,600,000
Retained earnings
8,470,000
6,920,000
Total stockholders' equity
$16,044,000
$12,770,000
a. Compute the number of preferred shares that were issued during
20X6.
b. Calculate the average issue price of the common stock sold in
20X6.
c. By what amount did the company's paid-in capital increase during
20X6?
d. Did Star's total legal capital increase or decrease during 20X6? By
what amount?