8) In the stockholders equity section, the cost of treasury shares is deducted from

Select one: a. retained earnings b. total paid-in capital and retained earnings. c. share premium d. shareholder equity

9) B and S formed a partnership. B contributed $8,000 cash and a used truck that originally cost $35,000 and had accumulated depreciation of $15,000. The trucks fair value was $16,000, S contributed a new Building costing $40,000 has a fair value off $55,000 What is the total capital that would recorded to B partner

Select one: a. 55,000 b. 43,000 c. 28,000 d. 24,000