Refer to the information above. Assume that all remaining treasury stock is reissued at a price of $14 per share in January of 2016
What amount should be credited to the account Additional Paid-In Capital: Treasury Stock Transactions in the journal entry to record this transaction?
A. $14,000.
B. $30,000.
C. $40,000.
D. $70,000.
B
5,000 × $14) - $40,000 = $30,000
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