On Line 22 they ask for Capital stock and on line 27 they ask for treasury stock.
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Happens quite often. I've one where 1,000 shares were issued for $1 back in the 70's. Two owners Dad with 999 and son with 1 share. Both worked business. Dad died leaving stock to Mom. Board (son and Ma) authorized a company stock buy back. Now the equity section looks like this: Common Stock 1 Treasury Stock -1,000,000
Funkly looking I agree but remember we deal with historical cost NOT fair market value. Regards,
Mark
Capital stock is the par value Paid in Capital is the excess of par value when it was issued. Treasury stock is what you paid to repurchase the stock. It has nothing to do with par value or the value you issued it for.
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