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Business, 21.04.2020 21:05 mariahernandez237503

Voiles Company reissued 200 shares of its treasury 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 the elements of Voiles’ financial statements. Assets = Liab. + Stk. Equity Rev. − Exp. = Net Inc Stmt. of Cash Flows Pd-in Cap TS − Treas. Stk. A. 7,000 = NA + 2,000 − (5,000) NA − NA = NA 7.000 FA B. 7,000 = NA + 2,000 − 5,000 NA − NA = NA 7,000 FA C. 7,000 = NA + 7,000 − NA NA − NA = NA 7,000 FA D. 5,000 = NA + 5,000 − NA NA − NA = NA 5,000 FA

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Voiles Company reissued 200 shares of its treasury stock. The treasury stock originally cost $25 per...

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