Ladder Distributors The stockholders' equity section of the December 31,2014,balance sheet is provided below:
Assume that all of the 20,000 shares of stock that was issued as of December 31,2014,was issued for $42 per share.On March 1,2015,the company reacquired 4,000 shares of its common stock for $50 per share.
-Refer to Ladder Distributors.How much should be reported on the company's March 31,2015,balance sheet for treasury stock?

Question

Ladder Distributors The stockholders' equity section of the December 31,2014,balance sheet is provided below:
 Assume that all of the 20,000 shares of stock that was issued as of December 31,2014,was issued for $42 per share.On March 1,2015,the company reacquired 4,000 shares of its common stock for $50 per share.
-Refer to Ladder Distributors.How much should be reported on the company's March 31,2015,balance sheet for treasury stock?

Quizplus · Accepted Answer

The Answer of Ladder Distributors The stockholders' equity section of the December 31,2014,balance sheet is provided below:
 Assume that all of the 20,000 shares of stock that was issued as of December 31,2014,was issued for $42 per share.On March 1,2015,the company reacquired 4,000 shares of its common stock for $50 per share.
-Refer to Ladder Distributors.How much should be reported on the company's March 31,2015,balance sheet for treasury stock?

Ladder Distributors the Stockholders' Equity Section of the December 31,2014,balance