Carlton Industries has identified the following items and would like you to answer a few questions about their effect on Stockholders' Equity.
-Which item increases Additional Paid-In Capital - Treasury Stock?
A)Preferred stock issued by Carlton
B)Amount received by Carlton in excess of par value when preferred stock was issued
C)Dividends in arrears on Carlton preferred stock
D)Cash dividend declared but unpaid on Carlton stock
E)Stock dividend declared but unissued by Carlton
F)Treasury stock
G)Amount received in excess of cost when treasury stock is reissued by MJ
H)Retained earnings

Question

Quizplus · Accepted Answer

When treasury stock is reissued at a price higher than its cost, the excess amount received is credited to Additional Paid-In Capital - Treasury Stock.

Carlton Industries Has Identified the Following Items and Would Like