A corporation purchased 1,000 shares of its own $5 par common stock at $10 and subsequently sold 500 of the shares at $17. What
is the amount credited to paid in capital - treasury stock?
1 answer:
The amount credited to paid in capital - treasury stock is $3,500.
<h3><u>Capital-treasury stocks</u></h3>
To determine what is the amount credited to paid in capital - treasury stock, the following calculation must be performed:
- 1000 x 5 - 500 x 17 = X
- 5000 - 8500 = X
- -3500 = X
Therefore, the amount credited to paid in capital - treasury stock is $3,500.
Learn more about capital - treasury stocks in brainly.com/question/25715888
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