In which section of the financial statements would Paid-In Capital from Sale of Treasury Stock be reported?
A) Other expense on income statement
B) Intangible asset on the balance sheet
C) Stockholders' equity on balance sheet
D) Other income on income statement

Question

Quizplus · Accepted Answer

Paid-In Capital from Sale of Treasury Stock represents the amount of capital that was received by a company when it sold its own shares of stock that had previously been repurchased and held as treasury stock. This amount is reported as an additional component of stockholders' equity on the balance sheet.

In Which Section of the Financial Statements Would Paid-In Capital