Company A's income statement shows the following for June 1st 2021 Net Income: 4,575,000 Total other comprehensive income: 150,000 comprehensive income: 4,725,000 Company A's statement
Company A's income statement shows the following for June 1st 2021
Net Income: 4,575,000
Total other comprehensive income: 150,000
comprehensive income: 4,725,000
Company A's statement of shareholder's equity at June 1st 2021
Paid in capital: 3,000,000
retained earnings: 500,000
accumulated other comprehensive income 25000
total shareholders equity: 3,525,000
During 2021 Company A:
Issued common stock of 1,000,000 on January 1st
paid 50,000 dividends
repurchased common stocks worth 100,000 and kept them as treasury stock until March
What is the balance of treasury stock at the end of 2021?
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Authors: Alan Melville
26th Edition
1292360712, 978-1292360713
