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In Year 3, Seda Corp. acquired 6,000 shares of its own $1 par value common stock at $18 per share. In Year 4, Seda reissued
In Year 3, Seda Corp. acquired 6,000 shares of its own $1 par value common stock at $18 per share. In Year 4, Seda reissued 3,000 of these shares at $25 per share. Seda uses the cost method to account for its treasury stock transactions.
Prepare journal entries to record the transactions.
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Strategic Market Management
Authors: David A. Aaker
4th Edition
0471309567, 9780471309567
