Business, 17.12.2019 06:31 cece3467

When treasury stock is purchased for $42 per share and subsequently sold for $47 per share, treasury stock is credited for $ per share and paid-in capital from the sale of treasury stock is for $ per share when the sale is recorded. 2. when treasury stock is purchased for $42 per share and subsequently sold for $40 per share, treasury stock is credited for $ per share and paid-in capital from the sale of treasury stock is for $ per share when the sale is recorded. 3. when treasury stock is purchased for $38 per share and subsequently sold for $47 per share, treasury stock is credited for $ per share and paid-in capital from the sale of treasury stock is for $ per share when the sale is recorded. 4. when treasury stock is purchased for $38 per share and subsequently sold for $40 per share, treasury stock is credited for $ per share and paid-in capital from the sale of treasury stock is for $ per share when the sale is recorded.

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Answer from: alex8366

1. When treasury stock is purchased for $42 per share and subsequently sold for $47 per share, treasury stock is credited for $42 per share and Paid-in Capital from the Sale of Treasury Stock is credited for $5 per share when the sale is recorded.

2. When treasury stock is purchased for $42 per share and subsequently sold for $40 per share, treasury stock is credited for $42 per share and Paid-in Capital from the Sale of Treasury Stock is debited for $2 per share when the sale is recorded.

3. When treasury stock is purchased for $38 per share and subsequently sold for $47 per share, treasury stock is credited for $38 per share and Paid-in Capital from the Sale of Treasury Stock is credited for $9 per share when the sale is recorded.

4. When treasury stock is purchased for $38 per share and subsequently sold for $40 per share, treasury stock is credited for $38 per share and Paid-in Capital from the Sale of Treasury Stock is credited for $2 per share when the sale is recorded.

Explanation:

The rule for recording the sales of repurchased stock is:

- Treasury stock will be credited at the amount of equals to the repurchased price per share.

- Paid-in Capital from the Sale of Treasury Stock is credited if the selling price is higher than the repurchased price or debited if the repurchased price is higher than the selling price. The amount of credit/debit will be equal to the absolute difference between selling and repurchasing price.

- In case the Paid-in Capital is debited to the balance of zero, any difference due to selling price is lower than repurchased price will be debited into Retained Earnings account.

Answer from: Quest

The correct answer for this question would be letter choice a) simulating the speech conditions or the first option.

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In line with other previous and contemporaneous proposals, in 1912 the meteorologist alfred wegener amply described what he called continental drift, expanded in his 1915 book the origin of continents and oceans and the scientific debate started that would end up fifty years later in the theory of plate tectonics.

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