Question
Houghton Company began business on January 1, 2015 by issuing all of its 1,350,000 authorized shares of its $1 par value common stock for $26
Houghton Company began business on January 1, 2015 by issuing all of its 1,350,000 authorized shares of its $1 par value common stock for $26 per share. On June 30, Houghton declared a cash dividend of $2.50 per share to stockholders of record on July 31. Houghton paid the cash dividend on August 30. On November 1, Houghton reacquired 270,000 of its own shares of stock for $31 per share. On December 22, Houghton resold 135,000 of these shares for $37 per share.
the second to last option on the balance sheet is Add: Treasury stock or Less: Treasury Stock
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