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Treasury stock that had been purchased for $4,478 last month was reissued this month for $5,988. The journal entry to record the reissuance would include a credit to a Treasury Stock for $1,510 b. Paid-In Capital from Sale of Treasury Stock for $4,478 c. Paid-In Capital in Excess of Par - Common Stock for 4,478 d. Paid-In Capital from Sale of Treasury Stock for $1,510 A corporation has 71,588 shares of $24 par stock outstanding that has a current market value of $300 per share. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately a. $276 b. 575 oc so d. $17.897 A building with a book value of $42,801 is sold for $60,805 cash. Using the indirect method, this transaction should shown on the statement of cash flows as follows: an increase of S60,805 from investing activities an increase of $42,801 from investing activities and an addition to net income of $18,004 an increase of $60,805 from investing activities and a deduction from net income of $18,004 an increase of $42,801 from investing activities If a gain of $6,435 is realized in selling (for cash) office equipment having a book value of $64,887, the total amount reported in the cash flows from investing activities section of the statement of cash flows is a $6,435 b. $71,322 C. $64.887 d. $58,452 The current period statement of cash flows includes the following: Cash balance at the beginning of the period $429,890 Net cash flow from operating activities 157,921 Net cash flow used for investing activities 59,425 Net cash flow used for financing activities 96,683 The cash balance at the end of the period is a. $156,108 b. $431,703 c. $115,861 d. $743,919