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Concord Corporation has the following shareholders' equity on December 31, 2024: If 9800 common shares were reacquired for $26 per share, the journal entry to

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Concord Corporation has the following shareholders' equity on December 31, 2024: If 9800 common shares were reacquired for $26 per share, the journal entry to record the transa credit Retained Earnings for $9800. credit Common Shares for $254800. credit Contributed Surplus - Reacquisition of Shares for $9800. debit Common Shares for $245000

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