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Anthem Inc. issues 200.000 shares of stock with a par value of $0.02 for $151 per share. Three years later, it repurchases these shares for
Anthem Inc. issues 200.000 shares of stock with a par value of $0.02 for $151 per share. Three years later, it repurchases these shares for $81 per share. Anthem records the repurchase in which of the following ways? Multiple Choice Debit Common Stock for $4,000, debit Additional Paid-in Capital for $16,196,000 and credit Cash for $16.20 million. Debit Stockholders' Equity for $30.20 million, credit Additional Paid-in Capital for $16.20 million and credit Cash for $16.20 million Debit Common Stock for $4,000, debit Additional Paid-in Capital for $30,196,000 and credit Cash for $30.20 million. Debit Treasury Stock for $16.20 million and credit Cash for $16.20 million
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