1Barkley’s Resort had 2,000 shares of $20 par value common stock outstanding On June 1 Barkley’s pur

 
   

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1Barkley’s Resort had 2,000 shares of $20 par value common stock outstanding On June 1 Barkley’s purchased 200 shares of treasury stock at $21 per shares and later reissued them for $22 per share Which amount of profit form reissuance will be reported on the income statement

2 Cody Western Wear has 2,000 shares of $10 par value common stock outstanding during the current year, the company distributed a 10% stock dividend The market value of the stock at that time was $16 per share Cody’s total stockholders equity should increase or decrease by