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A firm originally issued 100,000 no par shares of stock at $15 per share. The firm bought back 10,000 shares at $20 per share. The
A firm originally issued 100,000 no par shares of stock at $15 per share. The firm bought back 10,000 shares at $20 per share. The firm later reissued 2,500 shares at $25 per share. Which of the following is TRUE at year end? Question 18 options: 1. The balance of Common stock at par is $1,350,000. 2. The balance of Additional paid in capital (treasury shares) is $62,500. 3. The balance of Common stock no par is $1,500,000. 4. The balance of Treasury shares is $200,000
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