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In 2023, Ivanhoe Corp. acquired 8500 of its own no par value common shares at $19 per share, to be held in the treasury.
In 2023, Ivanhoe Corp. acquired 8500 of its own no par value common shares at $19 per share, to be held in the treasury. In 2024, Ivanhoe sold 6400 of these shares at $24 per share. What accounts and what amounts should Ivanhoe credit in 2024 to record this sale? Treasury Shares Contributed Surplus Retained Earnings Common Shares $121600 $121600 $121600 $32000 $32000 $32000 $121600 $32000
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
