A company has common stock with $20 par value per share During 2020, the following transactions occurred 8,000 shares were reacquired at $26 per share 8,000 shares were reacquired at $32 per share 3,000 shares of treasury stock (the ones purchased at $26 per share) were sold at $36 per share The co...

The ending balance of treasury ...

A company has common stock with $20 par value per share. During 2020, the following transactions occurred:

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A company has common stock with $20 par value per share. During 2020, the following transactions occurred:

8,000 shares were reacquired at $26 per share.
8,000 shares were reacquired at $32 per share.
3,000 shares of treasury stock (the ones purchased at $26 per share) were sold at $36 per share.

The cost method is used to record treasury stock transactions. What is Treasury Stock ending balance at the year end?

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Financial ACCT2

ISBN: 978-1111530761

2nd edition

Authors: Norman H. Godwin, C. Wayne Alderman

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Posted Date: Apr 28, 2022 02:55 AM

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A company has common stock with $20 par value per share. During 2020, the following transactions occurred:

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Financial ACCT2

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