Waltham Corporation Was Organized on January 2 with 100,000 Authorized

question 72

Multiple Choice

Waltham Corporation was organized on January 2 with 100,000 authorized shares of $10 par value common stock.During the year,Waltham had the following capital transactions: Waltham used the par value method to record the purchase of the treasury shares.
What would be the balance in the paid-in capital from treasury stock account at December 31?

• A) $0
• B) $5,000
• C) $15,000
• D) $20,000

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Definitions:

Systemic Capillaries

The smallest blood vessels in the body's systemic circulation, where the exchange of water, oxygen, carbon dioxide, and many other nutrients and waste substances between blood and the tissues occurs.

Superficial Palmar Arch

An arterial network in the palm of the hand that supplies blood to the fingers.

Subclavian Artery

A major artery located beneath the clavicle that supplies blood to the upper limbs, neck, and brain.

Brachial Artery

The major blood vessel of the upper arm, responsible for supplying oxygenated blood to the arm and hand.