Treasury stock was acquired for cash at more than its par value and then subsequently sold for cash at more than its acquisition price. What is the efect on additional paid-in capital from treasury stock transactions?
|
Purchase of |
Sale of |
|
|
Treasury Stock |
Treasury Stock |
|
|
a |
No efect |
No efect |
|
b. |
No efect |
Increase |
|
c. |
Decrease |
Increase |
|
d. |
Decrease |
No efect |