When Treasury Stock Is Reissued at a Price Above Cost

question 87

Multiple Choice

When treasury stock is reissued at a price above cost:

• A)The corporation recognizes a gain to be recorded on the income statement.
• B)Total paid-in capital is increased.
• C)The re-issuance is treated as an extraordinary item in the corporation's income statement.
• D)Retained earnings is increased.

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