Solved: Emu inc reissued 8000 shares of treasury stock at 44 per, Accounting Basics

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Emu inc reissued 8000 shares of treasury stock at 44 per

Question - Emu Inc. reissued 8,000 shares of treasury stock at $ 44 per share. The stock, which has a par value of $ .03, cost the company $ 30 per share two years ago. How much paid in capital from the treasury stock will the company have as a result of this transaction.

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Accounting Basics: Emu inc reissued 8000 shares of treasury stock at 44 per

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Accounting Basics: Emu inc reissued 8000 shares of treasury stock at 44 per

Reference No:- TGS02572732

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