Balance of the treasury stock

Assignment Help Accounting Basics

Reference no: EM13147369

Grant, Inc. had 40,000 shares of treasury stock ($10 par value) at December 31, 2010, which it acquired at $11 per share. On June 4, 2011, Grant issued 20,000 treasury shares to employees who exercised options under Grant's employee stock option plan. The market value per share was $13 at December 31, 2010, $15 at June 4, 2011, and $18 at December 31, 2011. The stock options had been granted for $12 per share. The cost method is used. What is the balance of the treasury stock on Grant's balance sheet at December 31, 2011?

Reference no: EM13147369

Questions Cloud

Consolidated financial statements for the year : How much amortization expense will be on the consolidated financial statements for the year ended December 31, 2009 related to the acquisition of Green?

The orbital semimajor axis of this extrasolar planet : A hot jupiter nicknamed osiris has been found around a star, HD 209458, which has the same mass as the sun. it orbits the star only 3.524 days. what is the orbital semimajor axis of this extrasolar planet?

How many moles of helium are in such a cylinder : A large cylinder of He gas,such as that used to inflate balloons,has a volume of 25.0 L at 22 Celsius and 5.6 atm. how many moles of He are in such a cylinder ?

A specific gravity test : A 0.34 lb sample of soil was obtained from a split barrel sampler and its volume was found to be 0.002307 ft3. The sample was then oven dried to a constant mass of 0.27 lb. A specific gravity test determined that the soil has a specific gravity of so..

Balance of the treasury stock : The stock options had been granted for $12 per share. The cost method is used. What is the balance of the treasury stock on Grant's balance sheet at December 31, 2011?

The united states has the strictest product : The United States has the strictest product liability laws in the world today. Why do you think many other countries, particularly developing countries, are more lax with respect to holding manufacturers liable for product defects? Could it be that A..

Compute the mass of ascobic acid in the whole tablet : Calculate the mass of ascobic acid in the whole tablet( use mass of whole tablet) c) Calculate the %error in the mass of ascobic acid in one whole tablet

How to keep promise using response times for the first month : The response times for the first month are 26, 30, 28, 29, 25, 28, 32, 35, 24, 23 min. Using the .05 significance level, did she keep her promise?

What is the mass percent of acetic acid present : A 5.0 mL sample of vinegar was titrated with 7.2 mL of 0.55 M NaOH(aq). If the density of the vinegar solution is 1.00 g/mL, what is the mass percent of acetic acid present?

User Account

All Pages