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 $35 per share Select the answer that accurately reflects how the reissue of the treasury stock would affect the elements of Valtes financial statements Balance Sheet Assets = Liabilities + Stockholders' Equity Income Statement Other PIC from Accounts Accounts Equity Treasury Treasury Net Cash + Receivable Payable + Accounts - Stock Stock Revenue - Expense Income A. 7.000 NA NA NA (5,000) 2,000 NA NA NA B. 7.000 NA NA NA 5,000 (2.000) NA NA C. 7.000 NA NA NA NA 7,000 NA NA NA D. 5.000 NA NA NA 5,000 NA NA Statement of Cash Flows 7.000 FA 7.000 IA (7,000) FA 5,000 TA NA NA Muth On Opoon