A Company Purchases 600 Shares of Its $100 Par Value $\begin{array}{l}\text { Cash }&5,700\\\text { Treasury Stock-Common } &&5,500 \\\text { Paid-in Capital, Treasury Stock } &&200 \\\end{array}$

question 152

Multiple Choice

A company purchases 600 shares of its $100 par value common stock at $110 per share.It then reissues 100 shares at $114 per share.The entry upon reissue of the stock would be:

• A)
• \(\begin{array}{l}
• \text { Cash }&5,700\\
• \text { Treasury Stock-Common } &&5,500 \\
• \text { Paid-in Capital, Treasury Stock } &&200 \\
• \end{array}\)
• B)
• \(\begin{array}{l}
• \text { Cash }&5,700\\
• \text { Treasury Stock-Common } &&5,500 \\
• \text {Gain on Sale of Treasury Stock } &&200 \\
• \end{array}\)
• C)
• \(\begin{array}{l}
• \text { Cash }&5,700\\
• \text { Treasury Stock-Common } && 5,000 \\
• \text { Retained Earnings } && 700
• \end{array}\)
• D)
• \(\begin{array}{llr}
• \text {Cash } &5,700\\
• \text {Treasury Stock-Common } &&5,700\\
• \end{array}\)

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The mean or central value of a set of data designated as 'Y'.