Victory corporation sold 400 shares of treasury stock for

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Victory Corporation sold 400 shares of treasury stock for $45 per share. The cost for the shares was $35. The entry to record the sale will include a

A) credit to Gain on Sale of Treasury Stock for $14,000.

B) debit to Paid-in Capital in Excess of Par for $4,000.

C) credit to Treasury Stock for $18,000.

D) credit to Paid-in Capital from Treasury Stock for $4,000.

Reference no: EM13388461

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