On February 1, 2018, Cue Company acquired 1,400 shares of its $1 par value stock for $51 per share and held these shares in treasury. On April 10, 2019, Cue resold all the treasury shares for $54 per share. Which of the following entries would be recorded when Cue Company resells the shares of treasury stock? Cash 62,400
Treasury Stock 58,800
Gain on sale of treasury stock 3,600
Cash 62,400
Treasury Stock 58,800
Additional paid-in capital 3,600
Cash 62,400
Common Stock 1,200
Additional paid-in capital 61,200
Cash 62,400
Treasury Stock 58,800
Retained earnings 3,600

What is private equity investing? who participates in it and why? how is palamon positioned in the industry? how does private equity investing compare with public market investing? what are the similarities and differences between the two? why is palamon interested in teamsystem? does it fit with palamon’s investment strategy? how much is 51% of teamsystem’s common equity worth? use both a discounted cash flow and a multiple-based valuation to justify your recommendation. what complexities do cross-border deals introduce? what are the specific risks of this deal? what should louis elson recommend to his partners? is it a go or not? if it is a go, what nonprice terms are important? if it’s not a go, what counterproposal would you make?