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Determine the treasury stock account balance

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Question - Fish and Chips Inc. initially issued 250,000 shares of $1 par stock for $1,000,000 in 2019. In 2020, the company repurchased 40,000 shares for $200,000. In 2021, 10,000 of the repurchased shares were resold for $180,000. In its balance sheet dated December 31, 2021, determine the treasury stock account balance?

Reference no: EM133185674

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