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3. Vance Refrigeration repurchased 1,000 shares of their own common stock for $20 per share. They then resell 500 shares for $30 per share.
3. Vance Refrigeration repurchased 1,000 shares of their own common stock for $20 per share. They then resell 500 shares for $30 per share. How much should APIC be debited or credited for the resale? a. Credit for $10,000 b. Credit for 5,000 c. Debit for 5,000 d. APIC will not be affected by the resale.
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Survey Of Accounting
Authors: Thomas Edmonds, Philip Olds, Frances McNair, Bor-Yi Tsay
1st Edition
0073526770, 9780073526775
