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Golden Corp. had 100,000 common shares issued and outstanding at the beginning of the year. The shares had been issued for $4.50 each. During the
Golden Corp. had 100,000 common shares issued and outstanding at the beginning of the year. The shares had been issued for $4.50 each. During the current year, the company repurchased and retired 20,000 shares at $4.80 each. The company also had a balance in Contributed Capital of $2,000 from previous share repurchases. What journal entry would the company record?
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
10th Canadian Edition Volume 2
1118300858, 978-1118300855
