Answer: $70
Explanation:
First, we need to calculate the purchase price per share and this will be:
= Purchase amount / Number of shares bought
= $7000 / 140
= $50 per share
Therefore, the balance in the Paid-in Capital, Treasury Stock account on August 2 will be:
= [70 × ($52 - $50)] + [70 × ($49 - $50)]
= (70 × $2) + ($70 × $-1)
= $140 - $70
= $70
Answer:
c. funds contributed by shareholder purchasers of a bank's stock plus the accumulated retained earnings.
I will choose letter c. positive values. When you believe that you can do something
that you feel positive about yourself and you are capable of doing it. When you believe it can happen then you feel
good about yourself and it greatly relieves stress.
