Acc 557 final exam part 1 & 2 (all are correct)
PART 1 1. Ramos Corporation sold 400 shares of treasury stock for $45 per share. The cost for the shares was $35. The entry to record the sale will include a Answer credit to Gain on Sale of Treasury Stock for $14,000. credit to Paid-in Capital from Treasury Stock for $4,000. debit to Paid-in Capital in Excess of Par for $4,000. credit to Treasury Stock […]
