also an option for "D"

38 Volles Company reissued 200 shares of its treasury stock. The treasury stock originally cost $25 per share and was reissued for 535 per share. Select the answer that accurately reflects how the reissue of the treasury stock would affect the elements of Voiles financial statements. Balance Sheet Assets - Liabilities Stockholders' Equity Income Statement Other PIC from Accounts Accounts Equity Treasury Cash Receivable = Payable Treasury Net Statement of + Accounts Stock Stock Revenue - Expense = Income Cash Flows A. 7,000 NA NA NA (5,000) 2,000 NA NA B. 7,000 NA 7,000 FA NA NA 5,000 (2.000) NA NA C. 7.000 7,000 IA NA NA NA NA 7.000 NA NA NA D. 5,000 NA (7,000) FA NA NA NA 5,000 NA NA NA 5,000 TA NA NA Multiple Choice Option Option Option