A corporation reacquires 60,000 shares of its own 10 par common stock for $3,000,000, recording it at
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Question:
A corporation reacquires 60,000 shares of its own 10 par common stock for $3,000,000, recording it at cost.
a.)What effect does this transactions have on revenue or expense of the period?
b.)What effect does it have on stockholders' equity
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