lava lake inc. bottles and distributes spring water. on february 11 of the current year, lava lake reacquired 6,900 shares of its common stock at $59 per share. on april 30, lava lake inc. sold 4,800 of the reacquired shares at $65 per share. on august 22, lava lake inc. sold 2,100 shares at $57 per share. question content area a. journalize the transactions of february 11, april 30, and august 22. for a compound transaction, if an amount box does not require an entry, leave it blank. feb. 11 - select - - select - apr. 30 - select - - select - - select - - select - - select - - select - aug. 22 - select - - select - - select - - select - - select - - select - question content area b. what is the balance in paid-in capital from sale of treasury stock on december 31 of the current year? $fill in the blank bd3ec50d0fbdfb9 1 c. for what reasons might lava lake have purchased the treasury stock?

A treasury inventory or reacquired stock is inventory this is offered back via the issuing employer, reducing the quantity of exquisite stock in the open market ("open marketplace" which includes insiders' holdings). Stock repurchases are used as a tax-efficient method to place cash into shareholders' fingers, in place of paying dividends, in jurisdictions that treat capital gains greater favorably. Sometimes, companies repurchase their inventory once they feel that it is undervalued on the open market. Other times, organizations repurchase their stock to reduce dilution from incentive compensation plans for employees. Another reason for inventory repurchase is to shield the organization in opposition to a takeover chance. The United Kingdom's equal treasury inventory as used within the united states of America is treasury proportion. Treasury shares inside the UK refer to authorities' bonds or gilts.

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