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17 February, 05:34

On march 1st, jones corporation purchased 1,000 shares of previously issued common stock, paying $2 per share. on april 1st, jones sold 500 shares at $3 per share. what is the amount of paid-in capital from treasury stock transactions for the sale of 500 shares?

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  1. 17 February, 05:55
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    Paid-in capital from treasury stock is the amount of difference between the cost and the sale price of the treasury stock.

    In the given problem the treasury shares were purchased for $2 per share and 500 shares are sold for $3 per share. Hence Paid-in capital from treasury stock shall be 3-2 = $1 per share and Total Paid-in capital from treasury stock shall be 500 shares * $ = $500

    Hence the answer is $500
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