Question

Melcher, Inc., originally sold 100,000 shares of its $10 par value common stock at $25 per share.
Several years later the company repurchased 10,000 of these shares at $55 per share. Melcher currently holds those shares in treasury. Prepare the company’s stockholders’ equity section of the balance sheet to reflect this information.



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  • CreatedApril 17, 2014
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