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Liquid Fuels Inc. repurchased its common shares below average cost. Which account(s) would be credited in the journal entry to record this transaction? a.

Liquid Fuels Inc. repurchased its common shares below average cost. Which account(s) would be credited in the journal entry to record this transaction? a. Cash and contributed surplus b. Common shares and retained earnings C. Cash d. Common shares e. Dividends and Retained Earnings

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