MindTap Cengage Learning bapps/assessment/take/launch.jsp?course assessment id= 194781_1&course_id=92473_1&content_id= 5178302 18step=null 10 Online Stock Tradin... M Inbox (630) samu.. Connect-Class: AC... Apply for Scholarsh... SCHOOL a Amazon Sign.. Question Completion Status QUESTION 7 Ubus Co. issued 100,000 shares of $10 per common stock for $1,200,000. A year later the company acquired 12,000 shares of its own common stock at $13 per share. Three months later she company sold 1,000 of these shares at $18 per share. If the cost method is used to recordi treasury stock transactions, to record the sale of the 1,000 treasury shares, the company should credit O Treasury Stock for $18,000. O Treasury Stock for $10,000 and Paid-in Capital from Treasury Stock for $8,000. O Treasury Stock for $13,000 and Paid in Capital from Treasury Stock for $5,000. O Treasury Stock for $11,000 and Paid-in Capital in Excess of Par for $5,000 QUESTIONS On January 1, 2015, Zodd, Inc, declared a 15% stock dividend on its common stock when the fair value of the common stock was $30 per share Stockholders' equity before the stock dividend was dedared consisted of Common stock, $10 par value, authorized 200,000 shares red and euttanding 120,000 shares Additional paid-in capital on common stock Reading Total stockholders equity $1,200,000 150,000 700.000 12.050.000 What was the effect on Zodds retained earnings as a result of the above transaction (ie, did increase, decrease, or not change and by how much Wreased type in a positive amount and if it decreased type in a regative amount Click Save and submit to save and submit. Click Save All Anners to se all awers 52 PHILIPS