Denny's Deli, Inc.
The stockholders' equity section of the December 31, 2011, balance sheet for Denny's Deli appeared as follows:

-Assume that all of the 40,000 shares of Denny's stock that was issued as of December 31, 2011, was issued for $35 per share. On March 1, 2012, Denny reacquired 5,000 shares of its common stock for $43 per share.
Refer to the information presented above for Denny's Deli, Inc. How much should be reported on Denny's March 31, 2012, balance sheet for treasury stock?

Question

Denny's Deli, Inc. 
The stockholders' equity section of the December 31, 2011, balance sheet for Denny's Deli appeared as follows:

-Assume that all of the 40,000 shares of Denny's stock that was issued as of December 31, 2011, was issued for $35 per share. On March 1, 2012, Denny reacquired 5,000 shares of its common stock for $43 per share.
Refer to the information presented above for Denny's Deli, Inc. How much should be reported on Denny's March 31, 2012, balance sheet for treasury stock?

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The Answer of Denny's Deli, Inc. 
The stockholders' equity section of the December 31, 2011, balance sheet for Denny's Deli appeared as follows:

-Assume that all of the 40,000 shares of Denny's stock that was issued as of December 31, 2011, was issued for $35 per share. On March 1, 2012, Denny reacquired 5,000 shares of its common stock for $43 per share.
Refer to the information presented above for Denny's Deli, Inc. How much should be reported on Denny's March 31, 2012, balance sheet for treasury stock?