Ironworks Industries has 15,000 shares of treasury stock which it purchased for $63/share. It later resold 3,300 of those shares for $82/share. The amount to be credited to Paid-in Capital–Treasury Stock is:
A) $270,600.
B) $62,700.
C) $222,300.
D) $207,900.
B) $62,700.
Explanation: shares × difference between cost and selling price; ex: 3,300 ($82 - $63) = $62,700
You might also like to view...
John sells safety equipment to law enforcement agencies. Before calling on the Humphrey Sheriff's Department, John decided that he wanted to get an order for eight new bulletproof vests from the sheriff before he left the office. In terms of the acronym SMART, John's objective:
A. is relevant. B. puts customer service first. C. maximizes the customer's order. D. is very specific. E. is related to the present and future needs of the customer.
What did research by Facer and Wadsworth (2008) find about compressed workweeks in Utah?
What will be an ideal response?
Misrepresentation of law is a fraud that occurs when a person makes a statement of fact that he or she honestly and reasonably believes to be true even though it is not
Indicate whether the statement is true or false
In which of the following scenarios wouldprovincial human rights legislation NOT apply?
A) a person denied membership at a fitness club because they are bi-sexual B) a person fired from a job at The Bay due to their religion C) a person denied an apartment by a landlord because of their nationality D) a person denied Canada Employment Insurance because of their disability E) The provincial Human Rights Code would apply in all situations