Solution-How can sagebrush have a larger balance of

How can sagebrush have a larger balance of treasury stock

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Reference no: EM13552531

Sagebrush Software had the following selected account balances at December 31, 20X6 (in thousands, except par value per share). Prepare the stockholders' equity section of Sagebrush Software's balance sheet (in thousands).

Inventory	$ 653	Common stock, $0.25 par per share, 800 shares authorized, 360 shares issued	$ 90
Property, plant, and equipment, net	857	Retained earnings	2,202
Paid-in capital in excess of par	901	Accounts receivable, net	600
Treasury stock, 120 shares at cost	1,380	Notes payable	1,122
Other stockholders' equity	(729)

How can Sagebrush have a larger balance of treasury stock than the sum of Common Stock and Paid-in Capital in Excess of Par?

Reference no: EM13552531

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How can sagebrush have a larger balance of treasury stock : How can Sagebrush have a larger balance of treasury stock than the sum of Common Stock and Paid-in Capital in Excess of Par?

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How can sagebrush have a larger balance of treasury stock

Reference no: EM13552531

Reference no: EM13552531

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