Refurbish,Inc

Multiple Choice

Refurbish,Inc.reissued 1,000 shares of its treasury stock for $10,000.Prior to the reissuance,the Treasury Stock balance was $12,000,which included the $8,000 cost of the 1,000 shares reissued.After recording this transaction:

A) Treasury Stock will equal $4,000.
B) Treasury Stock will equal $2,000.
C) Additional Paid-in Capital will be increased by $12,000.
D) Cash will be decreased by $10,000.