Five thousand shares of treasury stock of Meyer, Inc., previously acquired at $12 per share, are sold at $18 per share. The entry to record this transaction will include a
A) credit to Treasury Stock for $90,000.
B) debit to Paid-In Capital from Treasury Stock for $30,000.
C) debit to Treasury Stock for $60,000.
D) credit to Paid-In Capital from Treasury Stock for $30,000.
Correct Answer:
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