A Corporation Originally Issued $8 Par Value Common Stock for $9

question 148

Multiple Choice

A corporation originally issued $8 par value common stock for $9 per share. It purchased the stock for $10 per share for the treasury. Which of the following would be included in the entry to record the reissue of 20 shares of treasury stock for $11 per share?

• A)Paid-In Capital from Treasury Stock Transactions is credited for $220.
• B)Treasury Stock-Common is credited for $200.
• C)Treasury Stock-Common is credited for $220.
• D)Paid-In Capital from Treasury Stock Transactions is debited for $20.

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Definitions:

Series RL Circuit

An electrical circuit that contains both a resistor (R) and an inductor (L) connected in series, which impacts the phase and amplitude of the circuit's response.

Inductive Reactance

The opposition offered by an inductor to the flow of alternating current in a circuit, quantified in ohms.

Apparent Power

The total power within an electrical circuit, represented in VA (volt-amperes), which combines both real power and reactive power.

RL Circuit

An electrical circuit composed of a resistor (R) and an inductor (L) connected together, used to study the behavior of circuits with resistance and inductive reactance.