Which One of the Following Is the Correct Entry to Record

question 74

Multiple Choice

Which one of the following is the correct entry to record the sale of treasury stock?

• A) \(\begin{array} { l l l } DR &\text { Cash } & 128,000 \\CR & \text { Common stock } & & 128,000 \end{array}\)
• B) DR\(\quad\)Cash \(\quad 128,000\)
• \(\quad\)CR Treasury stock \(\quad 96,000\)
• \(\quad\)CR Paid in capital in excess of par \(\quad\)32,000
• C) \(\begin{array}{l}
• \text { DR }& \text { Cash } &128,000 \\
• \text { CR } & \text { Treasury stock } & 96,000 \\
• \text { CR } & \text { Gain on sale of treasury stock } & 32,000
• \end{array}\)
• D) \(\begin{array} { l l l l l }
• \text { DR } & & \text { Cash } & 128,000 & \\
• & \text { CR } & \text { Treasury stock } & 96,000 \\
• & \text { CR } & \text { Retained earnings } & 32,000
• \end{array}\)

Explain the concept of environmental influences on leadership.

Understand the basis and components of Katz's three-skill model.

Appreciate the importance of technical, human, and conceptual skills in leadership.

Recognize the potential for leadership development through learning and experience.

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