A company purchases 400 shares of its $50 par value common stock at $55 per share. It then reissues 60 shares at $58 per share. The entry upon reissue of the stock would be:
a. Cash 3,480
Treasury Stock-Common 3,300
Paid-in Capital, Treasury Stock 180
b. Cash 3,480
Treasury Stock-Common 3,480
c. Cash 3,480
Paid-in Capital, Treasury Stock 3,480
d. Cash 3,480
Treasury Stock-Common 3,000
Retained Earnings 480
A
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