The Shareholders' Equity Section of the Balance Sheet of Caesar

question 43

Multiple Choice

The shareholders' equity section of the balance sheet of Caesar Corporation at December 31, 2009, appears as follows: (The company engaged in no treasury share transactions prior to 2009)



-Refer to the above data. Assume that all remaining treasury share is reissued at a price of $14 per share in January of 2010. What amount should be credited to the account Share Premium: Treasury Share Transactions in the journal entry to record this transaction?

• A) $14,000.
• B) $30,000.
• C) $40,000.
• D) Some other amount.

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Definitions:

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