Respuesta :
Answer:
$0
Explanation:
Given: Purchased price of 1000 shares common stock is $10.
      Selling price of 500 share at $20.
First, computing purchase price and selling price
Purchase price of 1000 shares= [tex]1000\times 10= \$ 10000[/tex]
Selling price of 500 shares= [tex]500\times 20= \$ 10000[/tex]
Now, computing revenue
Revenue= [tex]Sales-purchase[/tex]
Revenue= [tex]10000-10000= \$ 0[/tex]
â´ There is $0 revenue realised from the sale.
Answer:
Slightly different question.
Explanation:
A corporation purchased 1,000 shares of its own $5 par common stock at $10 and subsequently sold 500 of the shares at $19. Â What is the amount credited to paid in capital - treasury stock?
Answer: $4,500
The gain on the reissue is credited to paid in capital - treasury stock.
Sale price - $10 acquisition cost = gain per share
Gain per share X $500 = credit to paid in capital
