Refer to the Information Above

question 142

Multiple Choice

Refer to the information above. Assume that all remaining treasury stock is reissued at a price of $14 per share in January of 2010. What amount should be credited to the account Additional Paid-In Capital: Treasury Stock Transactions in the journal entry to record this transaction?

• A) $14,000.
• B) $30,000.
• C) $40,000.
• D) $70,000.

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Definitions:

Difference Principle

A concept from political philosophy suggesting that inequalities in society are only justifiable if they benefit the least advantaged members.

Inequality Principle

A concept in social and political philosophy suggesting that social or economic inequalities are justified only if they benefit the least advantaged members of society.

Institutions

Established organizations or systems in society with specific purposes and roles, such as educational, religious, or governmental entities.

Well-Ordered Society

A society in which there are mutually accepted principles of justice governing the basic structure of the main institutions.