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5 Norton Co was organized on January 2, 2022 with 500,000 authorized shares of $10 par value common stock During the first year of operations,
5 Norton Co was organized on January 2, 2022 with 500,000 authorized shares of $10 par value common stock During the first year of operations, Norton had the following capital transactions January 5-Issued 375,000 shares at $14 per share July 27-Purchased 25,000 shares at $11 per share to hold as Treasury Stock November 25-Sold 15,000 shares of Treasury Stolt at $13 per share What would be the balance in Additional Paid-in Capital-Treasury Stock account at December 31, 2022? O a $45,000 O b. $15,000 Oc. $0 Od. $195,000 O e. $30,000
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