Trans Trucking has 250,000 common shares outstanding with a $0.01 par value and $30 current market value. The treasury stock account is reported at $50,000 with an average cost of $4 per share.
How much is the total common stock reported on the balance sheet?

Question

Trans Trucking has 250,000 common shares outstanding with a $0.01 par value and $30 current market value. The treasury stock account is reported at $50,000 with an average cost of $4 per share. 
How much is the total common stock reported on the balance sheet?

Quizplus · Accepted Answer

The Answer of Trans Trucking has 250,000 common shares outstanding with a $0.01 par value and $30 current market value. The treasury stock account is reported at $50,000 with an average cost of $4 per share. 
How much is the total common stock reported on the balance sheet?

Trans Trucking Has 250,000 Common Shares Outstanding with a $0