Question
In 2021, a company reacquired 5,000 shares of its common stock as treasury shares at $61 per share. In 2022, the company sold 1,000 shares
In 2021, a company reacquired 5,000 shares of its common stock as treasury shares at $61 per share. In 2022, the company sold 1,000 shares of the treasury stock at $82 per share. Which of the following would be included in the 2022 entry?
Credit APIC - TS for $21,000
Credit Treasury Stock for $21,000
Credit Cash for $82,000
Debit Treasury Stock for $82,000
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Regulation Audit Inspection Standards And Risk A Handbook For Street Level Regulators
Authors: John E Brady, Amy J Brady
1st Edition
0993082238, 978-0993082238
