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Answer questions 1434 on the Scantron form. Choose one answer per question. ( 2 points each) Using the following information to answer questions 14 and

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Answer questions 1434 on the Scantron form. Choose one answer per question. ( 2 points each) Using the following information to answer questions 14 and 15 below. Stupendous Company issued 10,000 shares of $1 par value common stock during its IPO. The issuance price was $20 per share. Stupendous later repurchased 500 shares at a price of $40 per share. 14. The ianmal entru to reseand iscuance of the 10000 shares hu. Stupendous is: 15. The journal entry to record the repurchase of 500 shares by Stupendous will include: a. A debit to common stock of $500. b. A credit to retained earnings of $20,000. c. A credit to additional paid-in capital of $19,500 d. A debit to Treasury stock of $20,000

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