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Dook Corp. purchased 2,000 shares of its own $1 par value common stock for $100,000. The shares were originally issued for $35/share. Later, Dook reissued
Dook Corp. purchased 2,000 shares of its own $1 par value common stock for $100,000. The shares were originally issued for $35/share. Later, Dook reissued 1,000 of these shares for $60/share. How is the account "Additional Paid-in Capital" (APIC) affected by the reissuance of the Treasury Stock? Select one: APIC is debited for $25,000 a. b. APIC is credited for $25,000 C. APIC is credited for $10,000 d. APIC is debited for $10,000 e. The APIC account balance is not affected
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