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Voiles Company reissued 200 shares of its treasury stock. Th…

Posted byAnonymous April 15, 2025April 16, 2025

Questions

Vоiles Cоmpаny reissued 200 shаres оf its treаsury stock. The treasury stock originally cost $25 per share and was reissued for $35 per share. Select the answer that accurately reflects how the reissue of the treasury stock would affect Voiles financial statements. Balance SheetIncome StatementStatement of Cash FlowsAssets=Liabilities+ Stockholders’ EquityCash+Accounts Receivable=Accounts Payable+Other Equity Accounts−Treasury Stock+Paid-in Capital from Treasury StockRevenue−Expenses=Net IncomeA.7,000+ = + −(5,000)+2,000 − = 7,000 FAB.7,000+ = + −5,000+2,000 − = 7,000 IAC.7,000+ = + − +7,000 − = 7,000 FAD.5,000+ = + − +5,000 − = 5,000 FA

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Tags: Accounting, Basic, qmb,

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