Assume that all remaining treasury stock is reissued at a price of $14 per share in January of 2019.What amount should be credited to the account Additional Paid-In Capital: Treasury Stock Transactions in the journal entry to record this transaction?

Question

Quizplus · Accepted Answer

The amount credited to Additional Paid-In Capital: Treasury Stock Transactions is the excess of the reissue price over the cost of the treasury stock. Without specific numbers of shares or their original cost, the correct answer cannot be determined from the information given. However, the question seems to imply that there is a specific correct answer, suggesting additional information or context is missing. In practice, the calculation would involve subtracting the cost of acquiring the treasury stock from the proceeds of reissuing it, with the excess (if any) credited to Additional Paid-In Capital: Treasury Stock Transactions.

Assume That All Remaining Treasury Stock Is Reissued at a Price