Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. when treasury stock is sold for more than the comp

When treasury stock is sold for more than the company originally paid to purchase the...

70.2K

Verified Solution

Question

Accounting

When treasury stock is sold for more than the company originally paid to purchase the shares, the difference

A.Increases net income.

B.Increases stockholders' equity.

C.Has no effect on net income or stockholders' equity.

D.Decreases net income and decreases stockholders' equity.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

The equation of a parabola is y = x - 6x + 14. Write the...

Finance
1.2K views

Do you think Benjamin Strong would have agreed with the words below spoken by Franklin Roosevelt...

Medical Sciences
1.2K views

Discuss the prevalence of \"lifestyle-related chronic disease\". A core component of lifestyle medicine is the use of evidence-based...

Civil Engineering
1.2K views

a)A route within an urban setting has three signalized intersections in series and at maximum intervals...

Mechanical Engineering
1.2K views

P5. Coal power plants operate at high temperature of about 600C, whereas a jet engine operates...

Accounting
1.2K views

METLOCK, INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Assets Current Assets $9,800 $8,760 Property, plant, and equipment (net) 1,970 1,800 Other assets 1,550 1,770 Total assets $13,320 $12,330 Liabilities and...

Basic Math
1.2K views

to 405 A flight from Toronto to Singapore takes 19 hours 11 hours after the...

Basic Math
1.2K views

Matt invested $300 into an account that had an annual interest rate of 3.8%compounded monthly...

Statistics
1.2K views

For each statement select the correct null hypothesis Ho and alternative hypothesis Ha in symbolic...

Calculus
1.2K views

Solve the initial value problem 4 2 dr 1 1 x dY dt where the...

Accounting
1.2K views

On 1 June 2022 McIntyre Ltd issued a three-month, $30 000 bill payable to Northgate...

Accounting
1.2K views

. Which of the following are actions that aid cash flow? a. speed up collection...