N
Nina N
Guest
The following two items are disclosed in the stockholders' equity section of Kent Corporation's December 31, 2006, balance sheet:
Treasury stock (500 shares, at cost)...........................................$30,000
Additional paid-in capital: treasury stock transactions...............10,000
If the company had reacquired 3,000 shares of treasury stock in February of 2006, then some of the treasury stock must have been sold during 2006 for:
Treasury stock (500 shares, at cost)...........................................$30,000
Additional paid-in capital: treasury stock transactions...............10,000
If the company had reacquired 3,000 shares of treasury stock in February of 2006, then some of the treasury stock must have been sold during 2006 for: