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BUS 203 - Review _ 9. What would be the entry to record the reissuance of 1,000 shares Treasury Sto that were originally acquired at
BUS 203 - Review _ 9. What would be the entry to record the reissuance of 1,000 shares Treasury Sto that were originally acquired at $50 per share but are reissued at $43 per share The account Additional Paid in Capital - Treasury Stock has a credit balance of $5,000. Account Titles and Explanation a. Cash Debit 43,000 Credit Treasury Stock 43,000 b Cash Additional Paid-in Capital Treasury Stock Treasury Stock 43,000 5,000 48.000 C. Cash Additional Paid-in Capital Treasury Stock Retained Earnings Treasury Stock 43.000 5,000 2,000 50,000 d. Cash Loss on Stock Sales - Treasury Stock Treasury Stock 43,000 7,000 50,000 10, Stine Inc. had 400,000 shares of common stock issued and outstanding at December 31, 2018. On July 1, 2019 an additional 200,000 shares were issued for cash. Stine also had stock options outstanding at the beginning and end of 2019 which allow the holders to purchase 120,000 shares of common stock at $28 per share. The average market price of Stine's common stock was $35 during 2019. The number of shares to be used in computing diluted earnings per share for 2019 is. a. 596,000 b. 520,000 C. 696,000 d. 524,000
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