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Califomia Surf Clothing Company issues 1,000 shares of $1 par value common stock at $17 per share. Later in the year, the company decides to
Califomia Surf Clothing Company issues 1,000 shares of $1 par value common stock at $17 per share. Later in the year, the company decides to repurchase 100 shares at a cost of $20 per share. record the transaction if California Surf reissues the 100 shares of treasury stock at $22 per share
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