Multiple Choice
Four thousand treasury shares of Meyer, Inc., previously acquired at $12 per share, are sold at $18 per share. The entry to record this transaction will include a
A) credit to Treasury Shares for $72,000.
B) debit to Share Premium-Treasury for $24,000.
C) debit to Treasury Shares for $48,000.
D) credit to Share Premium-Treasury for $24,000.
Correct Answer:
Verified
Correct Answer:
Verified
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