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On January 2, 2017 the first year of operations, Alpha Corp issued 15,000 shares of $10 par value common stock for $15 per share. On
On January 2, 2017 the first year of operations, Alpha Corp issued 15,000 shares of $10 par value common stock for $15 per share. On july 1, 2017 Alpha Corp 1,000 of these shares were reacquired for $20 each. On September 1, 2017 Alpha Corp reissued 500 shares of its treasury stock for $22 per share. Use this info to dertermine the dollar amounts that alpha will report on its fiscal 2017 balance sheet
- common stock
- paid in capital common stock in excess to par
- treasury stock
- paid in capital treasury stock
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