Refer to the information above. Assume that all remaining treasury stock is reissued at a price of $14 per share in January of 2010. What amount should be credited to the account Additional Paid-In Capital: Treasury Stock Transactions in the journal entry to record this transaction?
A) $14,000.
B) $30,000.
C) $40,000.
D) $70,000.
Correct Answer:
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