Question 1. Barkley's Resort had 2,000 shares of $20 par value common stock outstanding. On June 1 Barkley's purchased 200 shares of treasury stock at $21 per shares and later reissued them for $22 per share. Which amount of profit form reissuance will be reported on the income statement.
Question 2. Cody Western Wear has 2,000 shares of $10 par value common stock outstanding. during the current year, the company distributed a 10% stock dividend. The market value of the stock at that time was $16 per share. Cody's total stockholders equity should increase or decrease by