Charmed, Inc

question 65

Multiple Choice

Charmed, Inc. has a $30,000 credit balance in Paid-In Capital-Treasury Stock. It sells 600 shares of treasury stock, which the company reacquired at $22/share, for $18/share. After the transaction, what will the balance be in the Paid-In Capital in Excess of Par-Treasury account?

• A)$32,400 credit
• B)$2,400 debit
• C)$27,600 credit
• D)$27,600 debit

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Definitions:

Genital Warts

A sexually transmitted infection caused by certain strains of the human papillomavirus (HPV), leading to the development of warts in the genital area.

Sexually Transmitted Infections

Diseases or infections that are transmitted through sexual contact, caused by bacteria, viruses, or parasites.

Human Papilloma Virus

A group of viruses that can cause warts on various parts of the body and are associated with several types of cancer, including cervical cancer.

Dysmenorrhea

Painful menstruation.