Top Posters
Since Sunday
8
5
z
4
n
4
t
4
3
k
3
x
3
r
3
m
3
j
3
c
3
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
tivo tivo
wrote...
Go to Answer
Posts: 1776
Rep: 1 0
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:
Read 261 times
2 Replies
Replies
Answer verified by a subject expert
antonio_johnantonio_john
wrote...
#1
Top Poster
Posts: 898
Rep: 47 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1
Massachusetts Institute of Technology
-- Accounting

Related Topics

tivo Author
wrote...
#2
7 years ago
Luckily this is the last business course I'll be taking. Thank you greatly
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  394 People Browsing
 108 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 302
  
 991
  
 283
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 484
Previous poll results: Which of the following is the best resource to supplement your studies: