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Tcecarenko [31]
3 years ago
9

Refurbish, Inc. bought 1,000 shares of its own stock at $8 a share. Later, it reissued the shares for $10,000. The effect of the

entry to record the sale of treasury stock on the accounting equation includes a(n) ______.
Business
1 answer:
IRINA_888 [86]3 years ago
7 0

Answer:

$10,000 increase in stockholder equity

Explanation:

The buying of treasury stock reduces the balance of stockholder equity but when the treasury stock is reissued or we can say after purchase, the sale of treasury stock is done for $10,000. So, it increases the balance of  stockholder equity

It means that the purchase of treasury stock has an adverse impact on stockholder equity whereas reissued shares have a positive impact on stockholder equity

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1 year ago
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$60,000 or $12,000

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The normal form which removes any remaining functional dependencies because there was more than one primary key for the same non
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Vogel Corporation's cost of goods manufactured last month was $136,000. The beginning finished goods inventory was $35,000 and t
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