Question
ho Corporation was organized on January 1, 2019, with an authorization of 600,000 ordinary shares with a par value of 5 per share. During 2019,
ho Corporation was organized on January 1, 2019, with an authorization of 600,000 ordinary shares with a par value of 5 per share. During 2019, the corporation had the following capital transactions: (1) On January 5, issued 50,000 shares at 5.8 per share. (2) On May 8, purchased 300 shares from the market at 62 per share. (3) On July 28, sold 80 shares held in treasury at 60 per share. (4) On December 31, sold 40 shares held in treasury at 68 per share. Eho used the cost method to record the purchase and reissuance of the treasury shares. (Three questions are based on this information.You may find and complete them now.) What is the amount of Treasury Shares as of December 31, 2019?
Select one:
a. 11,080.
b. None of these answers.
c. 0.
d. 11,400.
e. 11,160.
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