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9 of 12 P Senger Corporation re-sold 1,900 shares of treasury stock at $58 per share. Last year, Senger repurchased these shares at a cost
9 of 12 P Senger Corporation re-sold 1,900 shares of treasury stock at $58 per share. Last year, Senger repurchased these shares at a cost of $73 per share. The re- sold shares have a per share par value of $1. Senger received cash. What journal entry should Senger Corporation make to recognize this re-sale of treasury stock? Credit
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
