Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 30 Apr 2018 My Price 7.00

Crystal Springs Inc

Crystal Springs Inc. bottles and distributes spring water. On June 1 of the current year, Crystal

 

                                                     reacquired 2,500 shares of its common stock at $60 per share. On July 8, Crystal sold 1,500 of  the

reacquired shares at $65 per share. The remaining 1,000 shares were sold at $58 per share on

 

 

 

 

 

 

 

 

November 2.

a.        Journalize the transactions of June 1, July 8, and November 2.

b.       What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year?

c.        For what reasons might Crystal Springs have purchased the treasury stock?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 30 Apr 2018 09:04 PM My Price 7.00

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