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What is the balance in Treasury Stock on December

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Reference no: EM132531991

Question - Dietz Corporation repurchased 2,500 shares of its outstanding $2 par value common stock for $12 per share on February 1. Later that year, Dietz sold 1,750 shares of the treasury stock for $10 per share. What is the balance in Treasury Stock on December 31 of that year?

a. $7,500

b. $17,500

c. $9,000

d. $12,500

Reference no: EM132531991

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