QUESTION 22 Emma Consulting had previously purchased 2,345 shares of treasury stock for $6 per share. Emma then sold 1,280 shares of the treasury stock for $12 per share. The credit to treasury stock to record the sale would be QUESTION 23 Advantages of debt financing over equity financing are that: 1. control is not diluted. 2. repayment of debt principal is optional. 3. Interest payments on debt are not tax deductible 4. more money is available. QUESTION 24 Under the indirect method, an increase in Bonds Payable would O a. subtracted in the operating section b. added in the investing section O subtracted in the financing section O d. added in the operating section e subtracted in the investing section Of. added in the financing