2,470,000 dollars remained as additional paid-in capital.
No. number of shares to be acquired is 20,000; the acquisition price is $ 24; the par value of the stock is $20.
the amount paid in excess of the par value is $4; the total amount paid from additional paid in capital is 20,000 times $4, or $ 80,000; and the remaining balance in additional paid in capital is:
Balance before stock retirement = 2,550,000 dollars Less: A stock with a par value of $20 has a balance after retirement of $2,470,000,
which is equal to the amount paid from additional capital paid in ($80,000). The excess of par was transferred to additional paid-in capital when it was first issued.
Now, additional capital will be paid out when a stock is redeemed above par value.
As a result, an additional $4, or 24-$20, has been paid out of additional capital paid.
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