4. Toy, Inc. initially issued 200,000 shares of 31 par stock for $1,000,000 in 2016....
90.2K
Verified Solution
Question
Accounting
4. Toy, Inc. initially issued 200,000 shares of 31 par stock for $1,000,000 in 2016. In 2017, the company repurchased 20.000 shares for $200,000. In 2018. 10,000 of the repurchased shares were resold for $160,000. In its balance sheet dated December 31, 2018, Toy, Inc.'s treasury stock account shows a balance of: a. $0. b. $40,000 4. $100,000 d. $200.000
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.