When the selling price of treasury shares is greater than its cost, the company credits the difference to
A) Gain on Sale of Treasury Shares.
B) Share Premium-Treasury.
C) Share Premium-Ordinary.
D) Treasury Shares.
Correct Answer:
Verified
Q253: Legal capital per share cannot be equal
Q254: Dillon Corporation splits its ordinary shares 2
Q255: Sandwick Corporation was organized on January 1,
Q256: When ordinary shares are issued for services
Q257: Preference shareholders have a priority over ordinary
Q259: Tang Inc. was authorized to issue 500,000
Q260: EI Greco Corporation's January 1, 2014 retained
Q261: The balance in retained earnings on January
Q262: On February 1, Burchess Corporation issued 4,000
Q263: Devons Company has 24,000 ordinary shares with
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents