This preview shows pages 1–3. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: 48,000 100,000 B. Retricted amount for treasury stock owned is $175,000(17,000 shares bought at $25/share minus 10,000 shares sold=7000 shares x $25/share) C. Yes the restriction on the retained earnings does affect the dollar amount reported because retained earings on treasury stock owned cannot exceed balance of the retained earings....
View Full Document