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Home Q & A Board Other Fields Homework Help Business Accounting
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tivo tivo
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7 years ago
HiTech Industries has a $11,800 credit balance in Paid-In Capital–Treasury Stock. It sells 1,000 shares of treasury stock, which the company reacquired at $58/share, for $52/share. After the transaction, what will the balance be in the Paid-In Capital in Excess of Par–Treasury account?
A) $5,800 credit
B) $6,000 debit
C) $17,800 credit
D) $11,800 credit
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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antonio_johnantonio_john
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Massachusetts Institute of Technology
-- Accounting

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tivo Author
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#2
7 years ago
Luckily this is the last business course I'll be taking. Thank you greatly
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