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  3. coy, inc. initially issued 340,000 shares of $1 pa

Coy, Inc. initially issued 340,000 shares of $1 par stock for $1,700,000 in 2019. In...

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Accounting

Coy, Inc. initially issued 340,000 shares of $1 par stock for $1,700,000 in 2019. In 2020, the company repurchased 34,000 shares for $340,000. In 2021, 17,000 of the repurchased shares were resold for $272,000. In its balance sheet dated December 31, 2021, Coy, Inc.'s treasury stock account shows a balance of: Multiple Choice O O $0. $68,000. $170,000. $340,000.
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Coy. Inc. initially issued 340,000 shares of $1 par stock for $1,700,000 in 2019 , In 2020, the company repurchased 34,000 shares for $340,000, In 2021, 17,000 of the repurchased shares were resold for $272,000, in its balance sheet doted December 31, 2021, Coy, inc's treasury stock account shows a balonce of: Mutiple Choice 50 $68,000 $170.000 $340000

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