A company had the following treasury stock related account balances: Treasury Stock - $150,000 Paid-in Capital from Treasury Stock Transactions - $15,000 If the company resells Treasury Stock that originally cost $50,000 for $40,000, then __________. ANSWER Unselected Treasury Stock is reduced by $40,000 Unselected Paid-in Capital from Treasury Stock Transactions is increased by $10,000 Unselected Treasury Stock is increased by $40,000 Unselected Paid-in Capital from Treasury Stock Transactions is reduced by $10,000 Unselected I DON'T KNOW YET