Evergreen Industries has a

$ 15 comma 000$15,000

credit balance in

PaidminusIn

CapitalminusTreasury

Stock. It sells

1 comma 0001,000

shares of treasury stock, which the company reacquired at

$ 58$58/share,

for

$ 57$57/share.

After the transaction, what will the balance be in the

PaidminusIn

Capital in Excess of

ParminusTreasury

account?

A.

$ 14 comma 000$14,000

credit

B.

$ 1 comma 000$1,000

debit

C.

$ 15 comma 000$15,000

credit

D.

$ 16 comma 000$16,000

credit