Day Corp. holds 10,000 shares of its $10 par value common stock as treasury stock reacquired in Year 2 for $120,000. On December 12, Year 4, Day reissued all 10,000 shares for $190,000. Under the cost method of accounting for treasury stock, the reissuance resulted in a credit to

How does money encourage specialization? you can be an artist if you are good at it. you can specialize in mechanics and still be able to feed your family without growing your own food. it allows grains to be equally available to everyone. you can borrow money to pay for university.