Question

When treasury stock is purchased for $42 per share and subsequently sold for $47 per share, treasury stock is credited for $fill in the blank 1
per share and Paid-in Capital from the Sale of Treasury Stock is
for $fill in the blank 3
per share when the sale is recorded.

2. When treasury stock is purchased for $42 per share and subsequently sold for $40 per share, treasury stock is credited for $fill in the blank 4
per share and Paid-in Capital from the Sale of Treasury Stock is
for $fill in the blank 6
per share when the sale is recorded.

3. When treasury stock is purchased for $38 per share and subsequently sold for $47 per share, treasury stock is credited for $fill in the blank 7
per share and Paid-in Capital from the Sale of Treasury Stock is
for $fill in the blank 9
per share when the sale is recorded.

4. When treasury stock is purchased for $38 per share and subsequently sold for $40 per share, treasury stock is credited for $fill in the blank 10
per share and Paid-in Capital from the Sale of Treasury Stock is
for $fill in the blank 12
per share when the sale is recorded.

Answer 1

2 is the right answer