Multiple Choice
When a stockholder sells its shares to another person for more than its original cost,the corporation:
A) does not make a journal entry.
B) records a gain on the sale of stock.
C) records a credit to Common Stock.
D) records a debit to Treasury Stock.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q39: Treasury stock is reported in the:<br>A)financing section
Q65: A company has outstanding 10 million shares
Q138: A company issues 1 million shares of
Q179: A company reported net income of $5.6
Q181: On February 16,a company declares a 34¢
Q183: A company declared a $0.80 per share
Q185: A corporation declared a stock dividend on
Q186: Contributed capital is found in the _
Q189: Complete the table below by filling in
Q190: An LLC is different from a corporation