Multiple Choice, Question 84 Sosa Co.’s stockholders’ equity at January 1, 2010 is as follows:Outstanding 225,000 shares $2,250,000 Paid-in capital in excess of par 900,000 Retained earnings 2,190,000 Total $5,340,000 During 2010, Sosa had the following stock transactions:Acquired 6,000 shares of its stock for $270,000.3,600 treasury shares at $50 a share.Sold the remaining treasury shares at $41 per share.No other stock transactions occurred during 2010. Assuming Sosa uses the cost method to record treasury stock transactions, the total amount of all additional paid-in capital accounts at December 31, 2010 is $870,000. $908,400. $927,600. $891,600.Click here if you would like to Show Work for this question
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