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1. 2. 1-2 please and thank you Which of the following combinations appropriately reflects the type of accounts represented by the Treasury Stock account and

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image text in transcribed1-2 please and thank you

Which of the following combinations appropriately reflects the type of accounts represented by the Treasury Stock account and the Additional Paid-In Capital-Treasury Stock account? Treasury Stock Additional Paid-In Capital-Treasury Stock a. contra stockholders' equity Ob. retained earnings Oc. stockholders' equity Od. contra stockholders' equity stockholders' equity retained earnings stockholders' equity contra stockholders' equity If a company purchases treasury stock for $10,000 and then reissues it for $3,000, the difference of $7,000 is Oa. a decrease in stockholders' equity. Ob. an increase in stockholders' equity. Oc. treated as a loss on the sale. Od. treated as a gain on the sale

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