Question

Refurbish, Inc. reissued 1,000 shares of its treasury stock for $10,000. Prior to the reissuance, the Treasury Stock balance was $12,000, which included the $8,000 cost of the 1,000 shares reissued. As a result of this transaction, Refurbish's ______.

Answer 1

Additional paid-in capital will be increased by $2,000

Treasury stock will equal $4,000

Step-by-step explanation: