The Stockholders' Equity section of Snack,Inc.'s balance sheet on January 1,2012,appeared as follows: On March 1,2012,Snack reacquired 4,000 shares of common stock at $50 per share.All common shares were originally sold for $42 each.How much should be reported in the treasury stock account on the March 31,2012 balance sheet?

Question

The Stockholders' Equity section of Snack,Inc.'s balance sheet on January 1,2012,appeared as follows:  On March 1,2012,Snack reacquired 4,000 shares of common stock at $50 per share.All common shares were originally sold for $42 each.How much should be reported in the treasury stock account on the March 31,2012 balance sheet?

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The Answer of The Stockholders' Equity section of Snack,Inc.'s balance sheet on January 1,2012,appeared as follows:  On March 1,2012,Snack reacquired 4,000 shares of common stock at $50 per share.All common shares were originally sold for $42 each.How much should be reported in the treasury stock account on the March 31,2012 balance sheet?

The Stockholders' Equity Section of Snack,Inc