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1) If a company repurchases shares for a price less than the average price of the shares then the difference in price will be a
1) If a company repurchases shares for a price less than the average price of the shares then the difference in price will be a
credit to contributed surplus
credit to retained earnings.
debit to retained earnings.
Please answer only the correct and I want to have the proper explanation of it.
debit to contributed surplus
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