A Company Buys Treasury Stock for $10 Per Share

question 127

Multiple Choice

A company buys treasury stock for $10 per share.The company later sells the treasury stock for $11 per share.What is the difference between the resale price and the cost of the treasury stock called?

• A)Gain on Sale of Treasury Stock
• B)Loss on Sale of Treasury Stock
• C)Paid-in Capital in Excess of Par
• D)Paid-in Capital from Treasury Stock Transactions

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