Homework Answers
OPTION: $4596500, a Debit to Additional Paid In Capital for $158500, and a Credit to Treasury Stock for $4755000
EXPLANATION:
When treasury stock are reissued, Cash is debited with the
amount received and Treasury Stock is credited with the cost of the
shares. Any difference that may arise may be debited/credited to
Additional Paid-in Capital.
difference debited = 317000 shares x $0.50 = $158500
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