Anthem Incorporated issues 200,000 shares of stock with a par value of $0.14 for $163...
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Accounting
Anthem Incorporated issues 200,000 shares of stock with a par value of $0.14 for $163 per share. Three years later, It repurchases these shares for $93 per share. How would Anthem record the repurchase? Multiple Choice Debit Treasury Stock for $18.60 million and credit Cash for $18.60 million. Debit Stockholders' Equity for $32.60 million, credit Additional Paid-in Capital for $18.60 million and credit Cash for $18.60 million
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