Question
Using the following information, the journal entry to record the January 1, 2019 transaction will be: January 1, 2019: Atlantic Corporation reacquires 2,000 shares of
Using the following information, the journal entry to record the January 1, 2019 transaction will be:
| January 1, 2019: | Atlantic Corporation reacquires 2,000 shares of its $15 par common stock for $66 per share. |
| March 5, 2019: | Atlantic reissues 1,000 of the above mentioned shares for $75 per share. |
Select one:
A.
| Treasury Stock | 132,000 |
|
|
| Cash |
| 132,000 |
B.
| Investment in Treasury Stock | 132,000 |
|
|
| Cash |
| 132,000 |
C.
| Treasury Stock | 30,000 |
|
| Paid-in-capital, Treasury Stock | 102,000 |
|
|
| Cash |
| 132,000 |
D.
| Cash | 132,000 |
|
|
| Treasury Stock |
| 132,000 |
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M Glichkeiten Und Grenzen Der F Rderung Verantwortlichen Handelns Von Wirtschaftspr Fern In Moralisch Relevanten Situationen Eine Theoretische Und And Accounting Studies
Authors: Catharina Schmiele
2012 Edition
383493335X, 978-3834933355
