Business, 24.04.2020 18:17 sierram298
C. Worthy Ships initially issued 400,000 shares of $1 par stock for $2,000,000 in 2021. In 2023, the company re-purchased 40,000 shares for $400,000. In 2024, 20,000 of the re-purchased shares were re-sold for $320,000. In its balance sheet dated December 31, 2024, C. Worthy's treasury stock account shows a balance of:.
a. $0.
b. $200,000.
c. 80,000.
d. S400,000.
Answers: 1
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C. Worthy Ships initially issued 400,000 shares of $1 par stock for $2,000,000 in 2021. In 2023, the...
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