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A company acquires 20,000 treasury shares at a cost of $5 per share. If it sells 5,000 of those shares back to the market at
A company acquires 20,000 treasury shares at a cost of $5 per share. If it sells 5,000 of those shares back to the market at a price of $6 per share, the treasury stock account would be
a.debited for $25,000
b.debited for $30,000
c.credited for $30,000
d.credited for $25,000
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