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Johnny Deng, Incorporated initially issued 330,000 shares of $1 par stock for $1,650,000 in 2022. In 2023, the company repurchased 33,000 shares for $330,000. In
Johnny Deng, Incorporated initially issued 330,000 shares of $1 par stock for $1,650,000 in 2022. In 2023, the company repurchased 33,000 shares for $330,000. In 2024, 16,500 of the repurchased shares were resold for $264,000. In its balance sheet dated December 31, 2024, Johnny Deng, Incorporated's treasury stock account shows a balance of:
Multiple Choice $66,000. $330,000. $165,000. $0.
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