XHC Had Only Two Share Transactions

question 145

Multiple Choice

XHC had only two share transactions.Initially, XHC issued 1,000 common shares, at $15 per share.XHC later bought back 200 shares at $16 per share.Under the
Single-transaction method, what is the amount that should be recorded in the treasury stock account?

• A)$3,600
• B)$3,200
• C)$2,000
• D)$3,000

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