A corporation originally issued $8 par value common stock for $9 per share. It purchased the stock for $10 per share for the treasury. Which of the following would be included in the entry to record the reissue of 20 shares of treasury stock for $11 per share?
A) Paid-In Capital from Treasury Stock Transactions is credited for $220.
B) Treasury Stock-Common is credited for $200.
C) Treasury Stock-Common is credited for $220.
D) Paid-In Capital from Treasury Stock Transactions is debited for $20.
Correct Answer:
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