The Stockholders' Equity Section of Sliver Corporation's Balance Sheet at December

question 83

Multiple Choice

The stockholders' equity section of Sliver Corporation's balance sheet at December 31,2014,was as follows: On January 2,2015,Sliver purchased and retired 100,000 shares of its stock for $1,800,000.Sliver records treasury stock using the par value method.Immediately after retirement of these 100,000 shares,the balances in the additional paid-in capital and retained earnings accounts should be
Paid-In Capital Retained
In Excess of Par Earnings

• A) $900,000 $1,300,000
• B) $1,400,000 $800,000
• C) $1,900,000 $1,300,000
• D) $2,400,000 $800,000