Carlosruelas6082 Carlosruelas6082

05-01-2018
Business

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What does the 62000 gain on sale of treasury stock represent?

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dinosaurbarn dinosaurbarn

18-01-2018

Reissuing the 5 shares have on the company's paid-in capital from treasury stock transactions account Increase additional paid-in capital by $25 and Issued 200 shares of $12 par value common stock for $25 a share. Five hundred shares are authorized.

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meerkat18 meerkat18

19-01-2018

Treasure stock represents the stock that is bought back by the company who reduces the stock on the open market. A debit balance will count the general ledger account when a corporation has this stock. The statement just refers to the amount that was gained on the sale of the treasury stock which is 62,000.

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