FREE P>O>ints guess the riddle -

I have cities, but no houses. I have mountains, but no trees. I have water, but no fish. What am I?

NIGER

Explanation:

Im the map

Explanation:

Alpaca Co.

The amount that Alpaca should report as additional paid-in capital, in excess of par, in its December 31, 2021 balance sheet is:

= $116 million

Explanation:

a) Data and Calculations:

Authorized share capital = 10 million, $1 par common shares

Transactions during the year:

Date         Number of shares issued    Price    Common Stock  Additional

January 1 sold 8 million shares at         $15     $8 million           $112 million

June 3 retired 2 million shares at         $18      (2 million)            (34 million)

December 28 sold 2 million shares    $20       2 million              38 million

Total                                                                 $10 million           $116 million

b) Additional paid-in capital represents the excess capital that is received above the par value of the shares issued.  When the retired shares (treasury stock) are accounted for using the cash method, the additional capital is stated less the treasury stock's excess issue value.  When the par value method is used, a treasury stock account is created separately so that the two adjustments to the treasury stock account are reflected differently.