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Business, 21.12.2019 04:31 BeautyxQueen

Grant, inc. had 60,000 shares of treasury stock ($10 par value) at december 31, 2014, which it acquired at $11 per share. on june 4, 2015, grant issued 30,000 treasury shares to employees who exercised options under grant's employee stock option plan. the market value per share was $13 at december 31, 2014, $15 at june 4, 2015, and $18 at december 31, 2015. the stock options had been granted for $12 per share. the cost method is used. what is the balance of the treasury stock on grant's balance sheet at december 31, 2015? a. $210,000.b. $270,000.c. $330,000.d. $360,000.

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Grant, inc. had 60,000 shares of treasury stock ($10 par value) at december 31, 2014, which it acqui...

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