Prior to february 28, a company has never had any treasury stock transactions. a company repurchased 100 shares of its common stock on april 30 for $40 per share. on june 20, it reissued 50 of these shares at $46 per share. on september 1, it reissued 20 of the shares at $38 per share. what is the balance in the treasury stock account on november 2?

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine