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Carson Corp. purchased its own par value stock on January 1, 2021 for $39,000 and debited the treasury stock account for the purchase price. The
Carson Corp. purchased its own par value stock on January 1, 2021 for $39,000 and debited the treasury stock account for the purchase price. The stock was subsequently sold for $24,000. The $15,000 difference between the cost and sales price should be recorded as a deduction from
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