Question
As of 30 June 2019, Carbae Ltd has a share capital of $2,000,000 consisting of four million fully paid ordinary share issued at $0.50 each.
As of 30 June 2019, Carbae Ltd has a share capital of $2,000,000 consisting of four million fully paid ordinary share issued at $0.50 each. Om 30 June 2019, the management of CarbaeLtd decides to do a share buyback of 1 million shares. Carbae Ltd buy back the shares for a price of $0.75 per share. The journal entry to record Carbae Ltds share buyback is?
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Cengage Learnings Online General Ledger For Heintz/parrys College Accounting, 2, 2 Terms (12 Months)
Authors: James A. Heintz, Robert W. Parry
22nd Edition
1305669991, 9781305669994
