The Shareholders' Equity Section of the Balance Sheet of Caesar

Multiple Choice

The shareholders' equity section of the balance sheet of Caesar Corporation at December 31, 2009, appears as follows: (The company engaged in no treasury share transactions prior to 2009)



-Refer to the above data. Assume that all remaining treasury share is reissued at a price of $14 per share in January of 2010. What amount should be credited to the account Share Premium: Treasury Share Transactions in the journal entry to record this transaction?

A) $14,000.
B) $30,000.
C) $40,000.
D) Some other amount.