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Author Question: Evergreen Industries has a $13,000 credit balance in Paid-In CapitalTreasury Stock. It sells 1,000 ... (Read 874 times)

hubes95

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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


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Marked as best answer by hubes95 on Feb 18, 2020

Chelseyj.hasty

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