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Here is selected financial statement data regarding a company's stockholders' equity. Balance Sheet: Dec. 31, 2018 Dec. 31, 2017 Common stock $ 4,200,000 $ 2,800,000
Here is selected financial statement data regarding a company's stockholders' equity.
Balance Sheet: | Dec. 31, 2018 | Dec. 31, 2017 |
Common stock | $ 4,200,000 | $ 2,800,000 |
Paid-in capital in excess of par value | 750,000 | 750,000 |
Retained earnings | 1,313,000 | 1,005,000 |
Treasury stock | (193,000) | (40,000) |
In the statement of cash flows, the financing activities section should show a cash disbursement for "purchase of treasury stock" for $ ?
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