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How do I calculate the treasury stock?
How do I calculate the treasury stock?
Silk Station has the following accounts at December 31: Common Stock, $3 par value, 1,000,000 shares; Paid-in Capital, $16 million; Retained Earnings, $11 million; and Treasury Stock, 59,500 shares, $3.0 million common stock: 300000 additional paid-in capital 16000000 Total paid in capital: 19000000 Retained earnings: 11000000 Treasury stock:?? Total stockholder's equity:... need treasury stock to calculate I thought to calculate treasury stock it was 59,500 x $3 = 178500. But I'm wrong. |
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