AICPA Adapted 1. At December 31, 20X8, Lisa Corp. had stock that had been acquired in 20X8 at $12 per share, In May 20X9, Lisa issued 15,000 of these treasury shares treasury stock transactions. Lisa is located in a state where laws relating acquisition of treasury stock restriet the availability of retained earnings for declaration of dividends. At December 3 1 , 20X9, what amount should Lisa showin notes to financial statements as a restriction of retained earnings as a result of its treasury stock transactions? at S10 per share. The cost method is used to record a. $5,000 b. $10,000 c. $60,000 d. $90,000 Record the acquisition of the 20,000 shares of treasury stock at December 31, 20X8 and the reissuance of 15,000 shares on May 1, 20x9 .Record the purchase of Treasury Stock on December 31, 20x9. Record the Reissuance of 15,000 shares of Treasury Stock on May 1, 20X9