Victor Corporation was organized on January 2, year 1, with
100,000 authorized shares of $10 par value common stock.
During year 1 Victor had the following capital transactions:

January 5?issued 75,000 shares at $14 per share.

December 27?purchased 5,000 shares at $11 per share.

Victor used the par value method to record the purchase of the
treasury shares. What would be the balance in the paid-in capital
from treasury stock account at December 31, year 1?

$0
$ 5,000
$15,000
$20,000

Answer rating: 100% (QA)

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