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Unformatted text preview: Treasury Stock (+SE)
Reissued treasury stock.
Additional paidin capital (common and treasury stock)
Retained earnings ($60,000 $20,000 +$20,000)
Total stockholders' equity
b. $ 80,000
$153,000 A total of $3,000 of additional paidin capital is attributable to treasury stock. This amount would be
recorded in the account Additional PaidIn Capital, Treasury Stock. Under the cost method, this amount
represents the amount of proceeds received in excess of the acquisition cost of the treasury stock
a. Treasury Stock (–SE) Purchased treasury stock. 2,850,000
b. c. Concluded Common stock
Additional paidin capital, common stock
($4,500,000 +$350,000 $50,000)
Total stockholders' equity $ $ 100,000
4,450,000 When common stock is initially issued, it is recorded at the value of the assets received. In this case
Stuart Corporation received $25 per share for 100,000 shares of common stock, for...
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