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    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 19: Corporations: Stock Values, dividends, treasury Stocks, and Retained Earnings
  5. Question
    When O'Rourke Corporation Sells Treasury Stock for More Than the Original
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When O'Rourke Corporation Sells Treasury Stock for More Than the Original

Question 5

Question 5

Multiple Choice

When O'Rourke Corporation sells treasury stock for more than the original cost:


A) stockholders' equity increases.
B) paid-in capital increases.
C) retained earnings may increase.
D) retained earnings may decrease.

Correct Answer:

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