At its date of incorporation, Wilson, Inc issued 100,000 shares of its $10 par common stock at $11 per share During the current year, Wilson acquired 20,000 shares of its common stock at a price of $16 per share and accounted for them by the cost method Subsequently, these shares were reissued at a price of $12 per share There have been no other issuances or acquisitions of its own common stock What effect does the reissuance of the stock have on the following accounts?
Retained Earnings |Additional Paid-in Capital
A Decrease | No effect
B Decrease |Decrease
C No effect | No effect
D No effect |Decrease
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