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Refer to the following information for Tolan Corporation: Common Stock $1.00 par, 104,000 shares issued, 90,000 shares outstanding Paid - In Capital in Excess of
Refer to the following information for Tolan Corporation: Common Stock $1.00 par, 104,000 shares issued, 90,000 shares outstanding Paid - In Capital in Excess of Par-Common: $2,220,000 Retained Earnings: $960,000 Treasury Stock: 14,000 shares purchased at $25.00 per share Tolan resold 1,900 shares of treasury stock for $20.00 per share, which of the following statements would be true? OA. The Treasury Stock account would decrease by $23,750. OB. The Paid In Capital in Excess of Par-Common account would increase by $1,900. OC. The Treasury Stock account would decrease by $47,500 OD. The Retained Earnings account would increase by $38,000
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