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EMX Corporation, in order to raise the market price of its comon shares, decided to buyback the stock: 02/15 Purchased 25,000 shares of its common
EMX Corporation, in order to raise the market price of its comon shares, decided to buyback the stock:
02/15 Purchased 25,000 shares of its common stock @ $10.00 pershare.
03/24 Sold 10,000 shares @ $13.00
04/10 Sold 8,000 shares @ $5.00
REQUIRED:
1) Record the Journal Entries for each of the above transactions
2) How is remaining 7,000 shares of Treasury Stock shown on EMX's Financial Statements, be specific !
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