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Business, 29.03.2021 18:20 Randomkid0973

Coy, Inc. initially issued 380,000 shares of $1 par stock for $1,900,000 in 2019. In 2020, the company repurchased 38,000 shares for $380,000. In 2021, 19,000 of the repurchased shares were resold for $304,000. In its balance sheet dated December 31, 2021, Coy, Inc.'s treasury stock account shows a balance of: Multiple Choice $0. $76,000. $190,000. Correct $380,000.

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Coy, Inc. initially issued 380,000 shares of $1 par stock for $1,900,000 in 2019. In 2020, the compa...
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