Question
At the beginning of the year Kayser Corporation had 10,000 shares of $5 par common stock outstanding that were originally issued for $20 per share.
At the beginning of the year Kayser Corporation had 10,000 shares of $5 par common stock outstanding that were originally issued for $20 per share. Kayser reacquired 200 shares for $22 per share and later sold the treasury stock for $25 per share. The balance in Common Stock immediately after the reacquisition of the 200 shares is:
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Bookkeeping Management Understand And Manage From Financial Statements No Accounting Knowledge Necessary
Authors: Ed Wuensche
1st Edition
0692951997, 978-0692951996
