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A company resells 400 shares of its own common stock for $20 per share. The company had acquired these shares two months before for
A company resells 400 shares of its own common stock for $20 per share. The company had acquired these shares two months before for $15 per share. The resale of this stock would be recorded with a: O Credit to Additional Paid-In Capital-T/5 for $2,000 O Debit to Common Stock for $8,000 O Credit to Treasury Stock for $8,000 O Credit to Gain on sale of treasury stock $2.000 Debit to Additional Paid-In Capital-T/S for $2.000
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