Under the cost method, when treasury stock is sold for more than its cost, the excess is credited to: Retained Earnings. Paid-in Capital in Excess of Par. Gain on Sale of Treasury Stock. Paid-in Capital from Treasury Stock.

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24-02-2022
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Under the cost method, when treasury stock is sold for more than its cost, the excess is credited to: Retained Earnings. Paid-in Capital in Excess of Par. Gain on Sale of Treasury Stock. Paid-in Capital from Treasury Stock.

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Parrain Parrain · Answer 1 · 2022-03-07T10:28:07+01:00

When using the cost method, if treasury stock is sold for more than it cost, the excess is credited to Paid-in Capital from Treasury Stock.

How is treasury stock treated when it is sold for more than cost?

When stock is sold for more than it is worth, the cost method dictates that it is used to increase the paid in capital account.

A special pain in capital account will be created just for this which is the Paid-in Capital from Treasury Stock account. When treasury stock is sold for less than it was bought, this account will be debited.

In conclusion, option D is correct.

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