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.