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.

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