If the Entry to Record the Retirement of Treasury Stock

question 32

Multiple Choice

If the entry to record the retirement of treasury stock contains a credit to a Paid-in Capital, Retirement of Stock account, it is apparent that the

• A) cost of the treasury shares was less than par value.
• B) cost of the treasury shares was greater than the original issuance price of the shares.
• C) cost of the treasury shares was less than the original issuance price of the shares.
• D) original issuance price of the shares was less than par value.

---

Definitions:

Whistleblower

An individual who exposes any kind of information or activity that is deemed illegal, unethical, or not correct within an organization.

Social Insurance Programs

Government-sponsored programs designed to provide financial support to individuals in events such as unemployment, disability, or retirement.

Social Security Administration

A U.S. government agency that administers social security, a social insurance program consisting of retirement, disability, and survivors' benefits.

Occupational Injury and Health Records

Documentation and records related to injuries, illnesses, and health outcomes that occur in or are related to the workplace environment.