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The Paid-in Capital,Treasury Stock account can have a zero or credit balance.
Paid-in Capital
The total amount of money that shareholders have invested in a company through the purchase of its stock.
Treasury Stock
Shares that were issued and later reacquired by the issuing company, reducing the amount of outstanding stock on the open market.
Debit Balance
A debit balance is the amount of money that a business or individual owes; it reflects transactions that have been debited to an account, increasing the total debit.
- Understand the impact of treasury stock transactions on the financial statements of a corporation.
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Learning Objectives
- Understand the impact of treasury stock transactions on the financial statements of a corporation.
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