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Bramble used the cost method to record the purchase of the treasury shares. What would be the balance in the Paid-in Capital from Treasury Stock
Bramble used the cost method to record the purchase of the treasury shares. What would be the balance in the Paid-in Capital from Treasury Stock account at December 31, 2021?
Bramble Corp. was organized on January 2, 2021, with 509000 authorized shares of $10 par value common stock. During 2021, Bramble had the following capital transactions: January 5-issued 381750 shares at $15 per share. July 27-purchased 25450 shares at $12 per share. November 25-sold 15270 shares of treasury stock at $14 per share. Bramble used the cost method to record the purchase of the treasury shares. What would be the balance in the Paid-in Capital from Treasury Stock account at December 31, 2021? O $45810. O $0. O $30540. O $15270
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