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3. Knutson Company reacquired 5,000 shares of its $15-par common stock for $13/share. The debit to Treasury Stock is A. $10,000. B. $8,000. C. $65,000.

3. Knutson Company reacquired 5,000 shares of its $15-par common stock for $13/share. The debit to Treasury Stock is A. $10,000. B. $8,000. C. $65,000. D. $75,000

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