On 08-12-19, Ethel purchased 600 of its $1 par value common stock for $10 per share....
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On 08-12-19, Ethel purchased 600 of its $1 par value common stock for $10 per share. This was Ethel's first treasury stock transaction. On 09-11-19, Ethel sold 100 of the treasury shares for $12 per share. On 11-04-19, Ethel purchased 400 of its $1 par value common stock for $14 per share. On 12-01-19, Ethel sold 700 of the treasury shares for $11 per share. In accounting for treasury stock transactions, Ethel uses the cost method and a FIFO assumption. After accounting for these treasury stock transactions, what was the amount in Ethel's additional paid-in-capital from treasury stock account? On 08-12-19, Ethel purchased 600 of its $1 par value common stock for $10 per share. This was Ethel's first treasury stock transaction. On 09-11-19, Ethel sold 100 of the treasury shares for $12 per share. On 11-04-19, Ethel purchased 400 of its $1 par value common stock for $14 per share. On 12-01-19, Ethel sold 700 of the treasury shares for $11 per share. In accounting for treasury stock transactions, Ethel uses the cost method and a FIFO assumption. After accounting for these treasury stock transactions, what was the amount in Ethel's additional paid-in-capital from treasury stock account?
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Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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