contestada

The Tornado Truck Body Company decides to repurchase 10,000 shares of its common stock on January 20. The stock has $1 par value, and the market value per share of common stock on January 20 is $8.75. The company decides to sell 5,000 of the treasury stock shares on April 30 for $9.00 per share. What is the amount of the gain recognized as a result of the transaction

Respuesta :

Answer:

$0

Explanation:

The company gets no loss, no gain on sale of its treasury stock.

When a business purchases its own treasury stock, Subway shows treasury stock as the value of the current asset. If the relationship is purchased, then its high-cost loss is adjusted from the capital or retired income.

Otras preguntas