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Carla Vista Enterprises buys back 310,000 shares of its stock from investors at $11.50 a share. Two years later, it reissues this stock for $11.00
Carla Vista Enterprises buys back 310,000 shares of its stock from investors at $11.50 a share. Two years later, it reissues this stock for $11.00 a share. The stock reissue would be recorded with a debit to Cash for: Multiple Choice points (8 01:05:48 0 $3,565,000, a credit to Treasury Stock for $3,410,000, and a credit to Additional Paid- in Capital for $155,000. 0 $3,410,000 and a credit to Treasury Stock for $3,410,000. o sa po $3,410,000, a debit to Additional Paid-in Capital for $155,000, and a credit to Treasury Stock for $3,565,000. $3,565,000 and a credit to Treasury Stock for $3,565,000
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