Estrella Corporation purchased 5,000 outstanding shares (which had already been issued previously) from its shareholders and paid
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- Estrella Corporation purchased 5,000 outstanding shares (which had already been issued previously) from its shareholders and paid $250,000.00 for them. Some time after this transaction, he resold 2,000 shares for a price of $53 per share, then resold another 2,000 shares for a price of $48 per share, and finally resold 1,000 shares for a price of $43 per share.
- Prepare records in the allocation of the purchase of outstanding shares and the three (3) sales of treasury shares.
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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