Please Refer to the Following Information for Peartree Company

question 91

Multiple Choice

Please refer to the following information for Peartree Company: If Peartree resold 800 shares of treasury stock for $15 per share, which of the following statements would be TRUE?

• A)The Treasury stock account would go down by $12,000.
• B)The Paid-in capital account would go up by $4,000.
• C)The Treasury stock account would go down by $16,000.
• D)The Retained earnings account would go up by $4.000.

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