The excess of sales price of treasury stock over its cost should be credited to:
A) Treasury Stock Receivable
B) Premium on capital stock
C) Additional Paid-in capital
D) Income from sale of treasury stock
Answer: C
The excess of sales price of treasury stock over its cost should be credited to:
A) Treasury Stock Receivable
B) Premium on capital stock
C) Additional Paid-in capital
D) Income from sale of treasury stock
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