The Jones Corporation uses the cost method of accounting for treasury stock. Which of the following transactions will cause a net decrease in total additional paid-in capital?
- Sale of treasury stock at a price in excess of cost.
- Retirement of treasury stock whose cost is in excess of par value but less than the original issuance price.
- Purchase of treasury stock at a price in excess of par value but less than the original issuance price.
- Purchase of treasury stock at a price in excess of par and in excess of the original issuance price.