Charmed, Inc. has 7,000 shares of treasury stock which it purchased for $12?/share. It later resold 2,500 of those shares for $20 /share. The amount to be credited to Paid?in Capital?Treasury Stock? is:

A.

$84,000.

B.

$56,000.

C.

$20,000.

D.

$50,000.

The Betta Group had net income of $39,000. Accounts Receivable increased by $5,500?; accounts payable decreased by $3,500. Depreciation expense for the year was $ 500 Additional transactions? include: the purchase of land in exchange for stock $50,000?; the sale of treasury stock $4,000?; issued bonds $3,000?; acquired a building by issuing a note $80,000. Using the indirect? method, the net increase? (decrease) in cash for the year? is:

A.

$37,500

B.

?$(94,500?)

C.

$30,500

D.

?$(21,500?)