Treasury stock that had been purchased for $5,600 last month was reissued this month for $8,500 . The journal entry to record the reissuance would include a credit to

a. Treasury Stock for $8,500
b. Paid-In Capital from Sale of Treasury Stock for $8,500
c. Paid­In Capital in Excess of Par—Common Stock for $2,900
d. Paid-In Capital from Sale of Treasury Stock for $2,900


d

Business

You might also like to view...

The greatest challenge of employee development is ________.

a. the wasted investment if the employee leaves the company b. employees who are content with their current position and have no desire to develop c. knowing exactly what will be successful in the future is impossible d. getting employees in the same place at the same time

Business

How would positive cues be set up to encourage reading?

a. Place books next to favorite chair and download eBook to favorite device b. Download eBook to favorite device and remove smart phone from room c. Remove a smart phone from a room and place books next to favorite chair d. Place books next to favorite chair, remove smart phone from room, and download eBook to favorite device

Business

LNG Corporation and Midstates Utility Company enter a contract for a sale of liquefied natural gas. LNG draws a draft unconditionally ordering Midstates Utility to pay $50,000 to LNG's order in sixty days. Midstates Utility signs and dates the draft.? Refer to Fact Pattern 23-2. This instrument is? A) a banker's acceptance

B) a nonnegotiable instrument. C) apromissory note. D) a trade acceptance.

Business

If a firm has unlimited funds, it is able to accept all independent projects that provide an acceptable return

Indicate whether the statement is true or false

Business