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answers only Question Completion Status: Moving to another question will save this response. Question 11 Question 19 10 points On March 1, 2020 Lion River
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Question Completion Status: Moving to another question will save this response. Question 11 Question 19 10 points On March 1, 2020 Lion River repurchases 50 shares of its own 51 par value common stock at $10 per share. On May 1, 2020 (two months later), Lion River resells the 50 shares treasury stock for $30 per share. What is the entry on May 1, 2020 to record reselling the treasury stock? Cash OA $1.500 Treasury Stock Additional Paid in Capital $500 $1,000 Cash $1,500 Treasury Stock $1,500 Treasury Stock CC Cash $1,500 $1,500 Cash $1,500 D. Common Stock Treasury Stock $1,000 5500 Moving to another question will save this response. Question 19 > A Moving to another question will save this response. Question 20 Which of the following account(s) are contra accounts? A Treasury Stock B. Premium on Bond Payable c Both Treasury Stock and Premium on Bond Payable p. Retained Earnings Step by Step Solution
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