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Author Question: Evergreen Industries has a $13,000 credit balance in Paid-In CapitalTreasury Stock. It sells 1,000 ... (Read 779 times)

hubes95

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on: Feb 18, 2020
Evergreen Industries has a $13,000 credit balance in Paid-In Capital–Treasury Stock. It sells 1,000 shares of treasury stock, which the company reacquired at $59/share, for $56/share. After the transaction, what will the balance be in the Paid-In Capital in Excess of Par–Treasury account?
◦ $3,000 debit
◦ $16,000 credit
◦ $10,000 credit
◦ $13,000 credit
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by hubes95 on Feb 18, 2020

Chelseyj.hasty

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Reply #1 on: Feb 18, 2020
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Reply #2 on: Dec 12, 2020
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