Business, 12.09.2019 20:30 homeworkprincess

During the current year, onal co. purchased 10,000 shares of its own stock at $7 per share. the stock was originally issued at $6. the firm sold 5,000 of the treasury shares for $10 per share. the firm uses the cost method to account for treasury stock. what amount should onal report in its income statement for these transactions?

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During the current year, onal co. purchased 10,000 shares of its own stock at $7 per share. the stoc...