Old Exam Packet – Acct 284 - Iowa State University
Common Stock for $20,000 and increase additional paid-in capital for $14,980,000. 16. GE buys back 300,000 shares of its stock from investors at $45 a share. Two years later it reissues this stock for $65 a share. The stock reissue would be recorded as: A. An increase to Cash of $19.5 million and a decrease to Treasury Stock of $19.5 million. B. ................
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