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kindly give the explnation and correct answer as soon as possible and dont copy any chegg answer Richard Company paid 46,000 to buy 8,000 shares

image text in transcribedkindly give the explnation and correct answer as soon as possible and dont copy any chegg answer

Richard Company paid 46,000 to buy 8,000 shares of its 6 par value ordinary shares for distribution in an executive compensation plan. The stock was originally sold for 50,000. The entry to record purchase includes a Select one: a. debit to Treasury Shares for f46,000. b. credit to Share Capital-Ordinary for 48,000 O c. debit to Share Premium-Ordinary for f4,000. O d. credit to Retained Earnings for 6,000

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