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On January 1, 2013, Automatic Train Corporation had 30,000 common shares outstanding issued at $10 each. On June 1, 2013, Automatic Train Corporation issued 12,000 shares of its common shares at $15 per share. On November 30, 2013, Automatic Train Corporation repurchased 3,000 shares of its common shares for $17 per share. The balance in Common shares on December 31, 2013, as shown on the statement of shareholders' equity, is:
Albumin
A type of protein in the blood plasma responsible for maintaining osmotic pressure in the blood vessels and transporting substances.
Plasma Protein
Proteins found in blood plasma that perform many roles, including clotting, defense against disease, and transport of substances.
Osmosis
The spontaneous movement of solvent molecules through a semi-permeable membrane from a region of low solute concentration to a region of high solute concentration to equalize the concentrations on both sides of the membrane.
Water
A transparent, tasteless, odorless, and nearly colorless chemical substance that is the main constituent of Earth's hydrosphere and the fluids of all known living organisms.
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