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What would be the balance in the paid-in capital

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Victor Corporation was organized on January 2, year 1, with 100,000 authorized shares of $10 par value common stock. During year 1 Victor had the following capital transactions:

January 5-issued 75,000 shares at $14 per share.

December 27-purchased 5,000 shares at $11 per share.

Victor used the par value method to record the purchase of the treasury shares. What would be the balance in the paid-in capital from treasury stock account at December 31, year 1?

 

Reference no: EM131876397

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