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joooselinn9688
23.08.2020 •
Business
Copper, Inc., initially issued 100,000 shares of $1 par value stock for $500,000 in 2013. In 2015, the company repurchased 10,000 shares for $100,000. In 2016, 5,000 of the repurchased shares were resold for $80,000. In its balance sheet dated December 31, 2016, Copper, Inc.’s Treasury Stock account shows a balance of:a. $ 0b. $ 20,000c. $ 50,000d. $100,000
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Ответ:
c. $50,000
Explanation:
Dr Cash 500,000
Cr Common stock 100,000
Cr Additional paid in capital 400,000
Dr Treasury stock 100,000
Cr Cash 100,000
Dr Cash 80,000
Cr Treasury stock 50,000
Cr Additional paid in capital 30,000
Treasury stock's balance = $100,000 - $50,000 = $50,000 debit
Ответ:
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