Shareholders' Equity
	Product code: CF9141
	Reference Point Corporation has an authorized share capital of 1,000,000 shares. The following is an extract from Reference Point's balance sheet:
		Treasury Stock (20,000 shares)	($50,000.00)
		Common Stock at $0.50 par value	$400,000.00		www.accountingbase.com
		Additional paid-in Capital	$100,000.00
		Retained Earnings	$300,000.00
		Total Shareholders' Equity	$750,000.00
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	From the data abaove, please respond to the following questions.
	1. What is the total issued share capital?
	2. What is the total share outstanding?
	3. Treasury stock is shown with a negative value, why? What is treasury stock?
	4. Reference Point is planning to issue an additonal 100,000 shares at $2 each. Please show the above balance sheet extract as it would appear after these the new shares are issued.
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