The Shareholders' Equity Section of Jason Company as of December

question 33

Essay

The shareholders' equity section of Jason Company as of December 31, 2010 follows:
On January 15, the company repurchased 1,500 shares of its own stock at $60 for treasury stock. On January 16, as part of a compensation package, the company reissued half of the treasury shares to executives who exercised stock options for $20 per share. On January 28, the company reissued the remainder of the treasury stock on the open market for $66 per share. Which of the following would be included in the journal entry recorded on January 16?
a. a debit to Cash for $15,000.
b. a debit to Treasury Stock for $45,000.
c. a credit to Additional Paid-In Capital for $45,000.
d. a credit to Additional Paid-In Capital for $15,000.

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Definitions:

Self-Reinforcement

A phase of self-management and an intervention technique. The process involves teaching students to either provide themselves with a tangible reinforcer after completing a desired behavior or engage in positive self-statements. Self-evaluation and self-monitoring are necessary prerequisites.

Self-Monitoring

A technique in which individuals observe and record their own behaviors as a way to increase awareness and facilitate behavior change.

Self-Management

The ability to regulate one’s own emotions, behaviors, and thoughts to achieve personal goals or adhere to societal norms.

Self-Control

The ability to regulate one's emotions, thoughts, and behaviors in the face of temptations and impulses.