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Bramble Corp. issued 100000 shares of $10 par common stock for $1180000. A year later Bramble acquired 16200 shares of its own common stock at
Bramble Corp. issued 100000 shares of $10 par common stock for $1180000. A year later Bramble acquired 16200 shares of its own common stock at $16 per share. Three months later Bramble sold 8400 of these shares at $20 per share. If the cost method is used to record treasury stock transactions, to record the sale of the 8400 treasury shares, Bramble should credit O Treasury Stock for $168000. O Treasury Stock for $84000 and Paid-in Capital from Treasury Stock for $84000. O Treasury Stock for $134400 and Paid-in Capital in Excess of Par for $33600. O Treasury Stock for $134400 and Paid-in Capital from Treasury Stock for $33600. Sheridan Company had 794000 shares of common stock outstanding on January 1, issued 124000 shares on May 1, purchased 63000 shares of treasury stock on September 1, and issued 53000 shares on November 1. The weighted average shares outstanding for the year is 885500. O 906500. O 864500. O 843500
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