A company purchases 600 shares of its $100 par value common stock at $110 per share. It then reissues 100 shares at $114 per share. The entry upon reissue of the stock is
A) Cash 11,400 Treasury Stock-Common 11,000Paid-in Capital, Treasury Stock 400
B) Cash 11,400 Treasury Stock-Common 11,400
C) Cash 11,400 Treasury Stock-Common 11,000Gain on Sale of Treasury Stock 400
D) Cash 11,400 Treasury Stock-Common 10,000Retained Earnings 1,400
A
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Indicate whether the statement is true or false
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