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Emma, Inc. reacquired 168,882 of its shares at $23 per share as treasury stock. Last year,...

Emma, Inc. reacquired 168,882 of its shares at $23 per share as treasury stock. Last year, for the first time, Emma sold 38,774 treasury shares at $27 per share.

What is the credit to PIC - Share repurchase for Emma's 1st sale?

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Answer #1
Credit to PIC - Share repurchase for Emma's 1st sale = 38774*(27-23)= $155096
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