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 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 received by the company from the sale of its own previously issued shares. As such, it belongs to the stockholders' equity section of the balance sheet.

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