) A company purchases 300 shares of its $100 par value common stock at $110 per share. It then reissues 50 shares at $114 per share.

1.) A company purchases 300 shares of its $100 par value common stock at $110 per share. It then reissues 50 shares at $114 per share. The entry upon reissue of the stock would include a credit to Answer A. Paid-in Capital, Treasury Stock for $200. B. Gain on Sale of Treasury Stock for $200. C. Retained Earnings for $700. D. Treasury Stock, Common for $5,700. 2.) Which of the following is reported as a noncash investing and financing transaction on the statement of cash flows? Answer A. Payment of long-term debt B. Purchase of treasury stock C. Conversion of bonds payable to stock D. Sale of preferred stock 3.) Start-up and organization costs Answer Are both C & D are correct???A. are capitalized, but never amortized. B. appear on the balance sheet as a current asset. C. are capitalized and amortized, usually over five years. D. are expensed in the year incurred.
1.) A company purchases 300 shares of its $100 par value common stock at $110 per share. Itthen reissues 50 shares at $114 per share. The entry upon reissue of the stock would include acredit to…







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