When treasury shares are sold at a price above cost:
A. A gain account is credited.
B. A loss is reported.
C. A revenue account is credited.
D. Paid-in capital is increased.
Answer: D
When treasury shares are sold at a price above cost:
A. A gain account is credited.
B. A loss is reported.
C. A revenue account is credited.
D. Paid-in capital is increased.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.