E10-24A. (Learning Objectives 2, 3: Recording treasury shares transactions and measuring their effects on shareholders equity) Journalize

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E10-24A. (Learning Objectives 2, 3: Recording treasury shares transactions and measuring their effects on shareholders’ equity) Journalize the following transactions of Aliant Productions:

What was the overall effect of these transactions on Aliant’s shareholders’ equity?

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Related Book For book-img-for-question

Financial Accounting International Financial Reporting Standards Global Edition

ISBN: 9781292211145

11th Edition

Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison

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Question Posted: Jul 26, 2024 09:03 AM

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E10-24A. (Learning Objectives 2, 3: Recording treasury shares transactions and measuring their effects on shareholders equity) Journalize

Question:

Jan. 17 May 23 Jul. 11 Issued 2,100 shares of $2.50 par ordinary share at $10 per share. Purchased 400 shares of treasury share at $12 per share. Sold 300 shares of treasury share at $20 per share.

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Financial Accounting International Financial Reporting Standards Global Edition

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