Chase Inc. sells 2,000 shares of treasury stock that were purchased for $32,000 at $20/share. The entry to record this sale should include a credit to
A. Loss from Sale of Treasury Stock $8,000
B. Gain from Sale of Treasury Stock $8,000
C. Retained Earnings $8,000
D. Paid-In Capital from Treasury Stock $8,000
Ans: D. Paid-In Capital from Treasury Stock $8,000
Business
You might also like to view...
A company that makes unfounded claims about the environmental impact of its products is most likely to be accused of ________
A) environmental stewardship B) violating the Kyoto Protocol C) greenwashing D) consumerism E) environmentalism
Business
In a constant service time model, both the average queue length and average waiting time are halved
Indicate whether the statement is true or false
Business