The Stockholders' Equity section of Catanzaro,Inc.'s balance sheet on January 1,2017,appeared as follows:
?
$$\begin{array} { l r }
\text { Common stock, } \$ 2 \text { par, } 20,000 \text { shares issued and outstanding } & \$ 40,000 \
\text { Additional paid-in capital-common } & 120,000 \
\text { Retained earnings } & \underline{ 300,000 }\
\text { Total contributed capital and retained earnings } & \$ 460,000 \
\text { Less: Cost of treasury stock (10,000 shares) } & \underline{\$ ( 80,000 ) }\
\text { Total stockholders' equity } & \underline{\$ 380,000}
\end{array}$$ ?
A) On March 1,2017 , Catanzaro resold 800 shares of treasury stock at $\$ 25$ per share. What is the effect of the March 1 transaction on the accounting equation? ?

Question

The Stockholders' Equity section of Catanzaro,Inc.'s balance sheet on January 1,2017,appeared as follows:
?
 $$\begin{array} { l r } 
\text { Common stock, } \$ 2 \text { par, } 20,000 \text { shares issued and outstanding } & \$ 40,000 \
\text { Additional paid-in capital-common } & 120,000 \
\text { Retained earnings } & \underline{ 300,000 }\
\text { Total contributed capital and retained earnings } & \$ 460,000 \
\text { Less: Cost of treasury stock (10,000 shares) } &  \underline{\$ ( 80,000 ) }\
\text { Total stockholders' equity } &  \underline{\$ 380,000}
\end{array}$$ ?
 A) On March 1,2017 , Catanzaro resold 800 shares of treasury stock at $\$ 25$ per share. What is the effect of the March 1 transaction on the accounting equation? ?

Quizplus · Accepted Answer

The Answer of The Stockholders' Equity section of Catanzaro,Inc.'s balance sheet on January 1,2017,appeared as follows:
?
 $$\begin{array} { l r } 
\text { Common stock, } \$ 2 \text { par, } 20,000 \text { shares issued and outstanding } & \$ 40,000 \
\text { Additional paid-in capital-common } & 120,000 \
\text { Retained earnings } & \underline{ 300,000 }\
\text { Total contributed capital and retained earnings } & \$ 460,000 \
\text { Less: Cost of treasury stock (10,000 shares) } &  \underline{\$ ( 80,000 ) }\
\text { Total stockholders' equity } &  \underline{\$ 380,000}
\end{array}$$ ?
 A) On March 1,2017 , Catanzaro resold 800 shares of treasury stock at $\$ 25$ per share. What is the effect of the March 1 transaction on the accounting equation? ?

The Stockholders' Equity Section of Catanzaro,Inc ? A) on March 1,2017 , Catanzaro Resold 800

The Stockholders' Equity Section of Catanzaro,Inc ?
A) on March 1,2017 , Catanzaro Resold 800