#24

When a company sells Treasury stock for more than it paid for it the cost of the stock is removed from the Treasury Stock account and Gain from the sale of Treasury Stock is credited Paid-In Capital from Treasury Stock is debited Paid In Capital from Treasury Stock is credited Cash is credited Question 24 4 pts What is the ending Retained Earnings based on the following account balances? Net Income 9,000 Beginning Retained Earnings 80.000 Dividends Declared 4,000 Common Stock 100,000 $185,000 $89,000 $85,000 $176,000 Question 25 Apts Earnings per Share (EPS) is a widely used measure to evaluate the operating performance of a company, FASB requires that it be reported on the