Business, 30.11.2019 04:31 jessiebotello7209
On april 16, 2018, rodriguez corporation reacquired 12,000 shares of its own $10 par stock for $660,000 cash. on november 4, 2019, 1,000 of the treasury shares were reissued at a price of $65 per share. the journal entry to record the reissuance of the 1,000 shares of stock on november 4 includes a:
a) credit to additional paid in capital: treasury stock transactions of $10,000.
b) credit to treasury stock reissued of $65,000
c) credit to gain on treasury stock transactions of $10,000.
d) credit to common stock of $10,000
Answers: 2
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On april 16, 2018, rodriguez corporation reacquired 12,000 shares of its own $10 par stock for $660,...
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