In which section of the financial statements would Paid-In Capital from Sale of Treasury Stock be reported?
A) other expense on income statement
B) intangible asset on the balance sheet
C) stockholders' equity on balance sheet
D) other income on income statement

Question

​In which section of the financial statements would Paid-In Capital from Sale of Treasury Stock be reported?
A) ​other expense on income statement
B) ​intangible asset on the balance sheet
C) ​stockholders' equity on balance sheet
D) ​other income on income statement

Quizplus · Accepted Answer

Paid-In Capital from Sale of Treasury Stock represents the amount received by the company when it sells its own shares that were previously repurchased and held in treasury. This transaction results in an increase in the company's stockholders' equity and is reported in the Stockholders' Equity section of the balance sheet. It is not reported as an income or expense item on the income statement, and it is not recognized as an intangible asset.

​In Which Section of the Financial Statements Would Paid-In Capital

In Which Section of the Financial Statements Would Paid-In Capital