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9) On February 1, 2015, Cue Company acquired 1,000 shares of its $1 par value stock for $47 per share and held these shares in
9) On February 1, 2015, Cue Company acquired 1,000 shares of its $1 par value stock for $47 per share and held these shares in treasury. On April 10, 2016, Cue resold all the treasury shares for $50 per share. Which of the following entries would be recorded when Cue Company resells the shares of treasury stock? - 50.000- - 47.000 Additionalpaid-in capital - 3,000 Treasury stock - 47,000 Retained earnings - 3,000 - moo Additional paid-in capital - 49,000 - Gain on sale of treasury stock 3,000
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