The shareholders' equity section of the balance sheet of Caesar Corporation at December 31, 2009, appears as follows: (The company engaged in no treasury share transactions prior to 2009)

-Refer to the above data. Assume that all remaining treasury share is reissued at a price of $14 per share in January of 2010. What amount should be credited to the account Share Premium: Treasury Share Transactions in the journal entry to record this transaction?

Question

The shareholders' equity section of the balance sheet of Caesar Corporation at December 31, 2009, appears as follows: (The company engaged in no treasury share transactions prior to 2009)

-Refer to the above data. Assume that all remaining treasury share is reissued at a price of $14 per share in January of 2010. What amount should be credited to the account Share Premium: Treasury Share Transactions in the journal entry to record this transaction?

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The Answer of The shareholders' equity section of the balance sheet of Caesar Corporation at December 31, 2009, appears as follows: (The company engaged in no treasury share transactions prior to 2009)

-Refer to the above data. Assume that all remaining treasury share is reissued at a price of $14 per share in January of 2010. What amount should be credited to the account Share Premium: Treasury Share Transactions in the journal entry to record this transaction?

The Shareholders' Equity Section of the Balance Sheet of Caesar