A company buys treasury stock for $10 per share.The company later sells the treasury stock for $11 per share.What is the difference between the resale price and the cost of the treasury stock called?
A) Gain on Sale of Treasury Stock
B) Loss on Sale of Treasury Stock
C) Paid-in Capital in Excess of Par
D) Paid-in Capital from Treasury Stock Transactions
Correct Answer:
Verified
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