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timed, plz hurry Question 1 1 pts Perez Co. previously acquired 10,000 shares of its own stock ($1 par) in the open market for $10

timed, plz hurry

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Question 1 1 pts Perez Co. previously acquired 10,000 shares of its own stock ($1 par) in the open market for $10 per share. This year the firm reissued all of these shares at $12 per share. Which of the following will occur as a result of the treasury shares being reissued: Additional Paid in Capital will increase by $20,000 A gain of $20,000 will be included on the income statement. Treasury stock will decrease by $120,000 Common Stock will increase by $10,000

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