Dietz Corporation repurchased 2,500 shares of its outstanding $2 par value common stock for $12 per share
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Question:
Dietz Corporation repurchased 2,500 shares of its outstanding $2 par value common stock for $12 per share on February 1. Later that year, Dietz sold 1,750 shares of the treasury stock for $10 per share. What is the balance in Treasury Stock on December 31 of that year?
a.$7,500
b.$17,500
c.$9,000
d.$12,500
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