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Voiles Company reissued 200 shares of its treasury stock. The treasury stock originally cost $25 per share and was reissued for $35 per share. Select
Voiles Company reissued 200 shares of its treasury stock. The treasury stock originally cost $25 per share and was reissued for $35 per share. Select the answer that accurately reflects how the reissue of the treasury stock would affect the elements of Voiles financial statements.
Voiles Company reissued 200 shares of its treasury stock. The treasury stock originally cost $25 per share and was reissued for $35 per share. Select the answer that accurately reflects how the reissue of the treasury stock would affect the elements of Voiles' financial statements Stmt. of Cash Flows Assets = Liab. + Rev. = Net Inc A. NA NA NA NA NA NA Stk. Equity Pd-in Cap TS -| Treas. Stk. 2,000 (5,000) 2,000 5,000 7,000 - NA 5,000 - NA 7,000 7,000 7,000 5,000 B. C. D. = = = = NA NA NA NA + + + + NA NA - - NA NA 7.000 FA 7,000 FA 7,000 FA 5,000 FA = NAStep by Step Solution
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