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When treasury stock is sold for more than the par value and the cost of the stock, what account(s) should be credited?

This question was answered on Mar 20, 2017. View the Answer

When treasury stock is sold for more than the par value and the cost of the stock, what account(s) should be credited?


Select one:

a. Treasury Stock for the cost and additional paid-in capital for the excess of the sale price over the costb. Additional paid-in capital for the sale pricec. Treasury Stock for the sale priced. Common Stock for the par value and retained earnings for the excess of the sale price over the par valuee. Common Stock for the sale price

Top Answer

a. Treasury Stock for the cost and... View the full answer

Other Answers

a. Treasury Stock for the cost and... View the full answer

Here's the explanation you needed for... View the full answer

Common Stock for the par value and... View the full answer

b. Additional paid-in capital for... View the full answer

1 comment
  • correct Answer is c. Treasury Stock for the sale priced.
    • yourlecturer80
    • Mar 20, 2017 at 7:48pm

This question was asked on Mar 20, 2017 and answered on Mar 20, 2017 for the course ACC 302 at Walsh College.

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