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A corporation reacquired 400 shares of its $100 par-value common stock for $105 a share. The entry to record this transaction includes a Debit to
A corporation reacquired 400 shares of its $100 par-value common stock for $105 a share. The entry to record this transaction includes a
| Debit to Treasury StockCommon for $40,000. |
| Debit to Treasury StockCommon for $42,000. |
| Credit to Paid-in Capital for Treasury Stock TransactionsCommon for $40,000. |
| Credit to Treasury StockCommon for $42,000. |
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Financial Accounting An Introduction
Authors: Pauline Weetman
4th Edition
0273703404, 978-0273703402
