TCorp Reacquired and retired 500 shares of its $7 par value common stock for $...
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Accounting
TCorp Reacquired and retired 500 shares of its $7 par value common stock for $ 11 per share. These shares had originally been issued by the corp for $8 per share. By what amount would this company's additional paid in capital from common stock decrease as a result of this transaction?
a. $2000
b. $0
c.$500
d.$1500
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