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8. ABC Co. presented the Stockholders' Equity section of its balance sheet on January 1, 2018, as follows: All common shares were originally sold for
8. ABC Co. presented the Stockholders' Equity section of its balance sheet on January 1, 2018, as follows: All common shares were originally sold for $6 each. The following transactions occurred during 2018 : 1. Reacquired 3,000 shares of common stock at $15 per share on February 16. 2. Sold 2,000 shares of treasury stock at $20 per share on June 1. B. How many shares of stock are outstanding at June 1, immediately after the sale of the 2,000sharesoftreasurystock?
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