Question
Please explain why? Green Company issued 20,000 shares of $5 par common stock. Six months later Green acquired 4,000 shares of its own common stock
Please explain why?
Green Company issued 20,000 shares of $5 par common stock.
Six months later Green acquired 4,000 shares of its own common stock at $12 per share.
Three months later Green sold 1,000 of these shares at $18 per share.
If the cost method is used to record treasury stock transactions, to record the sale of the 1,000 treasury shares, Green should credit Treasury Stock at?
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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
