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Centrador issues 200,000 no-par value shares for $150 per share in 2018. Three years later, it repurchases 30,000 of these shares for $80 per share.
Centrador issues 200,000 no-par value shares for $150 per share in 2018. Three years later, it repurchases 30,000 of these shares for $80 per share. Centrator records the repurchase in which of the following ways? Multiple Choice Debit Common Shares for $2.4 million, debit cash for $2.1 million and credit Contributed capital for $4.5 million. Debit Common Shares for $4.5 million and credit Cash for $2.4 million and contributed surplus for $2.1 million. oooo Debit common shares for $4.5, debit contributed surplus for $2.4 and credit cash for $2.1 million. O Debit Cash for $4.5 million, credit Common shares for $2.4 million and credit Contributed Surplus for $2.1 million
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