Find the stock account balance 

Coy, Inc. initially issued 400,000 shares of $1 at par for $2,000,000 in 2016. In 2017, the company repurchased 120,000 shares for $840,000. In 2018, 20,000 of the repurchased shares were resold for $160,000. In its balance sheet dated December 31, 2018, Coy, Inc.'s own stock account shows a balance of?

Answer rating: 100% (QA)

Shares repurchased 840000 L... View the full answer