Question
A company purchases 300 shares of its $100 par value common stock at $110 per share. It then reissues 50 shares at $114 per share.
A company purchases 300 shares of its $100 par value common stock at $110 per share. It then reissues 50 shares at $114 per share. The entry upon reissue of the stock would include a credit to what?
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Advanced Accounting
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
11th edition
538480289, 978-0538480284
