A Corporation Originally Issued $9 Par Value Common Stock for $14

question 33

Multiple Choice

A corporation originally issued $9 par value common stock for $14 per share.It purchased the stock for $15 per share.Which of the following is included in the entry to record the sale of 60 shares of treasury stock for $19 per share?

• A)Paid-In Capital From Treasury Stock Transactions is credited for $1,140.
• B)Treasury Stock-Common is credited for $900.
• C)Treasury Stock-Common is credited for $1,140.
• D)Paid-In Capital From Treasury Stock Transactions is debited for $240.

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Definitions:

Emotion-focused Coping

A type of stress management that involves reducing the emotional impact of stress by seeking to change the way one feels about or perceives a problem.

Optimistic Outlook

An attitude or mindset that tends to expect the most favorable outcomes or dwell on the most hopeful aspects of a situation.

Catastrophe

A sudden and widespread disaster or event causing great damage or suffering.

Depression

A psychological condition marked by a continuously low state of mind or diminished interest in activities, leading to considerable disruption in everyday functioning.