Refer to the Following Information for Tangent Corporation: If

Multiple Choice

Refer to the following information for Tangent Corporation: If Tangent resold 1,200 shares of treasury stock for $14.5 per share,which of the following statements would be true?

A) The Treasury Stock account would go down by $12,000.
B) The Paid-In Capital in Excess of Par-Common account would go up by $1,200.
C) The Treasury Stock account would go down by $24.000.
D) The Retained Earnings account would go up by $17,400.