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Jasmine Dutra
on Nov 18, 2024

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A corporation purchased 1,000 shares of its own $5 par common stock at $10 and subsequently sold 500 of the shares at $20. What is the amount of revenue realized from the sale?

A) $0
B) $5,000
C) $2,500
D) $10,000

Common Stock

Shares representing ownership in a company, giving holders voting rights and a share in the company's profits via dividends.

Revenue Realized

Income that a company has earned and received payment for, typically from sales of goods or services.

Sale Price

The amount of money for which a product or service is sold to the consumer.

  • Ascertain the effects of treasury stock operations on stockholders' equity.
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KF
Kapena FitzgeraldNov 18, 2024
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