Lannister, Inc. reacquired 5,000 shares of its $19-par common stock for $13/share. The debit to Treasury Stock will be:
A) $30,000.
B) $65,000.
C) $95,000.
D) based on the last treasury stock transaction.
B) $65,000.
Explanation: number of shares × purchase price; ex: 5,000 × $13 = $65,000
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