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Author Question: The Triple S Company has a $30,000 credit balance in Paid-In CapitalTreasury Stock. It sells 600 ... (Read 226 times)

melina_rosy

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on: Feb 18, 2020
The Triple S Company has a $30,000 credit balance in Paid-In Capital–Treasury Stock. It sells 600 shares of treasury stock, which the company reacquired at $22/share, for $18/share. After the transaction, what will the balance be in the Paid-In Capital in Excess of Par–Treasury account?
◦ $27,600 credit
◦ $32,400 credit
◦ $2,400 debit
◦ $27,600 debit
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by melina_rosy on Feb 18, 2020

Toya9913

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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reillyhagel

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Reply #2 on: Oct 7, 2021
Thank you!


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