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

Accounting
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Barkley’s Resort had 2,000 shares of $20 par value common stock outstanding. On June 1, Barkley’s purchased 200 shares of treasury stock

Feb 5th, 2015

As per my understanding the answer would be B. $200
since, barkley's resort bought 200 shares at a loss of $1 each since the value was 20 and they bought at $ 21.

so, purchase cost = 21* 200 = $4200


then sold at $ 22, so revenue = 22*200 = $4400

hence the profit = $4400 - 4200 = $200


Feb 5th, 2015

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