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    makami4's Avatar
    makami4 Posts: 13, Reputation: 1
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    #1

    Oct 2, 2012, 06:25 PM
    Treasury Stock transaction-help
    Deer Creek Inc. bottles and distributes spring water. On April 27 of the current year, Deer Creek reacquired 15,000 shares of its common stock at $60 per share. On July 13, Deer Creek sold 9,000 of the reacquired shares at $72 per share. The remaining 6,000 shares were sold at $59 per share on October 8.

    What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year?
    For what reasons might Deer Creek have purchased the treasury stock?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Oct 2, 2012, 08:14 PM
    In many jurisdictions this would be considered insiderer trading and therefore illegal
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