Question
Harry Co. was organized on January 2, 2012, with 500,000 authorized shares of $10 par value common stock. During 2011, Harry had the following capital
Harry Co. was organized on January 2, 2012, with 500,000 authorized shares of $10 par value common stock. During 2011, Harry had the following capital transactions: January 2issued 375,000 shares at $14 per share. July 30purchased 25,000 shares at $11 per share. November 30sold 10,000 shares of treasury stock at $13 per share. Harry 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, 2012?
a. $10,000. b. $20,000. c. $30,000. d. $40,000.
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Business Statistics For Contemporary Decision Making
Authors: Black Ken
8th Edition
978-1118494769, 1118800842, 1118494768, 9781118800843, 978-1118749647
