Question: View Policies Current Attempt in Progress Bramble Corp. was organized on January 2, 2021, with 522000 authorized shares of $10 par value common stock. During

View Policies Current Attempt in Progress Bramble Corp. was organized on January 2, 2021, with 522000 authorized shares of $10 par value common stock. During 2021, Bramble had the following capital transactions January 5-Issued 391500 shares at $15 per share July 27-purchased 26100 shares at $12 per share November 25-sold 15660 shares of treasury stock at $14 per share. Bramble used the cost 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, 2021? O $0 $15660 O $31320 O $46980 Current Attempt in Progress On December 1, 2021. Swifty Commation enhanged 200 shares of its $10 par value common stock held in treasury for used machi. The treasury shares were acquired by Swifty at a cost of $35 per she and are accounted for under the cont method On the date of the even the common stock had a fair value of $0 por share the shares were originally issued at $25pm shares a result of this exchange Swifty's total stockholderseruity will increase by O $525000 $1837500 52625000 $2100000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
