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When a Company Reacquires Its Own Stock, the Entry to Record

Question 59

Multiple Choice

When a company reacquires its own stock, the entry to record the reacquisition could include an entry to Additional Paid-in Capital from Treasury Stock under which of the following methods?  Cost Method  Par Value Method  I.  Yes  Yes  II.  Yes  No  III.  No  No  IV  No  Yes \begin{array}{lll}&\text { Cost Method }&\text { Par Value Method }\\\text { I. } & \text { Yes } & \text { Yes } \\\text { II. } & \text { Yes } & \text { No } \\\text { III. } & \text { No } & \text { No } \\\text { IV } & \text { No } & \text { Yes }\end{array}


A) I
B) II
C) III
D) IV

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