Question
Terri Company has never had any treasury stock transactions. On June 1 of the current year, they purchased 100 shares of its common stock (which
Terri Company has never had any treasury stock transactions. On June 1 of the current year, they purchased 100 shares of its common stock (which has a par value of $30) for $15,000. On July 1, they reissued 50 of these shares at $156 per share. By how much did the additional paid in capital account increase or decrease on July 1?
| A. | $4,050 | |
| B. | $ 450 | |
| C. | $ 300 | |
| D. | $ 600 |
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Auditing Warehouse Performance
Authors: Kenneth B. Ackerman
1st Edition
0963177680, 978-0963177681
