Assume That All Remaining Treasury Stock Is Reissued at a Price

question 47

Multiple Choice

Assume that all remaining treasury stock is reissued at a price of $18 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) $96,000.
• B) $140,000.
• C) $112,000.
• D) $288,000.

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