*Treasury Share Transactions Algeria Corp. Currently Has 5,000 No Par Value Common Shares

question 81

Essay

*Treasury share transactions
Algeria Corp. currently has 5,000 no par value common shares outstanding, with a book value of $ 150,000.
Instructions
Record the share transactions given below:
a) Bought 300 common shares at $ 31 each, to be held as treasury shares
b) Sold 80 treasury shares at $ 30
c) Sold 40 treasury shares at $ 34
d) Retired the rest of the treasury shares

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Definitions:

Mental Processes

Internal, covert activities of our minds, such as thinking, feeling, and remembering, that cannot be directly observed but inferred from behavior.

Thinking

The process of considering or reasoning about something.

Verbal Memories

The memory of words and other abstract symbols, including the ability to recall and recognize language-based material.

Hypothalamus

A region of the brain below the thalamus, coordinating both the autonomic nervous system and the activity of the pituitary, controlling body temperature, thirst, hunger, and other homeostatic systems, and involved in sleep and emotional activity.