Arthur Company paid $39,000 to buy 3,000 shares of its $5 par value common stock for the treasury. The stock was originally sold for $27,000. The entry to record the purchase includes a:

Question 11 options:

credit to Treasury Stock for $27,000.

debit to Treasury Stock for $39,000.

credit to Common Stock for $27,000.

Watkins, Inc. paid $48,000 to buy back 9,000 shares of its $1 par value common stock. This stock was sold later at a selling price of $6 per share. The entry to record the sale includes a:

Question 18 options:

debit to Paid-in Capital from Treasury Stock for $45,000.

credit to Paid-in Capital from Treasury Stock for $6,000.

credit to Common Stock for $6,000.

Dior Manufacturing purchased 100% of Venus, Inc. common stock for $900,000 when Venus had stockholders' equity consisting of $400,000 of common stock and $300,000 of retained earnings. In the consolidated balance sheet, Dior's investment in Venus will be shown at:

Question 28 options:

$0.

$100,000.

$700,000.