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A company purchases 1000 shares of its own $2 par value stocl for $30 per share. In December, the company sells the stock for $35
A company purchases 1000 shares of its own $2 par value stocl for $30 per share. In December, the company sells the stock for $35 per share. Will the company record a gain when the sell the treasury stock on Dec 1?
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