Question
In January, the company had 4,000 shares of $1.20 common stock outstanding. In June, the company repurchased 100 shares of stock for $15 a share.
In January, the company had 4,000 shares of $1.20 common stock outstanding. In June, the company repurchased 100 shares of stock for $15 a share. In November, the company resold 50 shares of the repurchased shares for $13 a share.
Which of the following statements is/are true regarding the transaction from November? (Check all that apply.)
Group of answer choices
A loss would be recorded for $100
The treasury stock account would increase for $60
The total impact to stockholders' equity is an increase of $650
APIC increases by $100
The company has 3,950 of shares outstanding now
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