Question
Bonita Manufacturing Corporation purchased 4900 shares of its own previously issued $10 par common stock for $110000. As a result of this event, evergreens Common
Bonita Manufacturing Corporation purchased 4900 shares of its own previously issued $10 par common stock for $110000. As a result of this event,
evergreens Common Stock account decreased $49000.
evergreens total stockholders equity decreased $110000.
evergreens Paid-in Capital in Excess of Par account decreased $61000.
all of these answers are correct.
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Factory Accounts
Authors: John Whitmore
1st Edition
0367494825, 9780367494827
