On February 1, 2015, Lord Bolton reacquired 40,000 of its $10 par common shares for...
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On February 1, 2015, Lord Bolton reacquired 40,000 of its $10 par common shares for $12 per share. On June 30, 2015, Bolton reacquired an additional 20,000 shares for $14 per share. On November 15, 2015, all treasury stock was reissued at $16 per share. The December 31, 2015 balance of Additional Paid-in Capital -Treasury Stock was:
| A. | $120,000 | |
| B. | $1,680,000 | |
| C. | $200,000 | |
| D. | $400,000 | |
| E. | $60,000 |
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