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What the treasury Stock on the balance sheet at December

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Question - In Year 1, Stock to the Hand, Inc., issued 30,000 shares of the 300,000 shares of $0.20 par value common stock it is allowed to sell. The total received from issuing its common stock is $200,000. Stock to the Hand bought back 3,000 shares of its stock at a cost of $13 each. On December 31, the last day of Year 1, Stock to the Hand declared and paid a $0.30 per share dividend to its common shareholders. What the treasury Stock on the balance sheet at December 31, Year 1, equals?

Reference no: EM132967732

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