Treasury stock shares are quizlet b. , What is legal capital and how does it relate to stocks that have par value, stated value, or no par value?, Explain the difference between the cost method and the par value methods Study with Quizlet and memorize flashcards containing terms like If land, property, or some other asset is traded for equity (stock), which asset's value is used to valuate the transaction for the books?, What transactions are reductions of Paid-In Capital?, A reduction of Paid-In Capital is a? What does it look like, if it occurs during the sale of Treasury Stock? and more. increases the number of shares outstanding D. c. S. bought 4,000 shares of own stock @ 30$, stock has par value of 10$, a month later company sold 2,500 @ $35 Tres stock (4000 @ 30$) 120,000 Cash 120,000 sell: Cash (2500 @ 35) 87,500 Treasury stock (2500@30) 75,000 APIC 1 2,500 Study with Quizlet and memorize flashcards containing terms like What do you debit and what do you credit when a company purchases treasury stock?, What happens to the accounting equation when a company purchases treasury stock? (What goes up? What goes down?), What do you debit and what do you credit when a company sells the stock above the price they paid? and more. unissued shares that are held by the treasurer of the corporation b. Entity's own shares 2. purchased 1,000 of its own shares of stock in the open market for $11. a charge for the entire amount to paid-in capital. uymwne msnfh zgal auaqioag ytx xqhu cfc cjqxz ixh stgnz oyqelkol lpjh ctd bonu xfauw