Oriole Company issued 100000 shares of $10 par common stock for $1230000. A year later Oriole acquired 16200 shares of i
Posted: Mon May 02, 2022 7:04 am
Oriole Company issued 100000 shares of
$10 par common stock for $1230000. A year
later Oriole acquired 16200 shares of its own
common stock at $15 per share. Three months
later Oriole sold 7600 of these shares at
$19 per share. If the cost method is used to record treasury
stock transactions, to record the sale of
the 7600 treasury shares, Oriole should
credit
Treasury Stock for $114000 and Paid-in Capital in Excess of
Par for $30400.
Treasury Stock for $114000 and Paid-in Capital from
Treasury Stock for $30400.
Treasury Stock for $144400.
Treasury Stock for $76000 and Paid-in Capital from Treasury
Stock for $68400.
$10 par common stock for $1230000. A year
later Oriole acquired 16200 shares of its own
common stock at $15 per share. Three months
later Oriole sold 7600 of these shares at
$19 per share. If the cost method is used to record treasury
stock transactions, to record the sale of
the 7600 treasury shares, Oriole should
credit
Treasury Stock for $114000 and Paid-in Capital in Excess of
Par for $30400.
Treasury Stock for $114000 and Paid-in Capital from
Treasury Stock for $30400.
Treasury Stock for $144400.
Treasury Stock for $76000 and Paid-in Capital from Treasury
Stock for $68400.