Question
Higgins Inc. has 52,000 commons shares outstanding, with an average cost of $21 per share. On July 1,2020 Higgins required 800 shares at $56 per
Higgins Inc. has 52,000 commons shares outstanding, with an average cost of $21 per share. On July 1,2020 Higgins required 800 shares at $56 per share and retired them. Assume no contributed surplus balances exist from the previous share repurchases.
Require: Prepare journal entries for July 1.
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Auditing And Society Research On Audit Practice And Regulations
Authors: Wally Smieliauskas, Minlei Ye, Ping Zhang
1st Edition
1138314129, 978-1138314122
