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On December 2 , ABC Company acquired 1 , 4 0 0 shares of its $ 3 par value common stock for $ 2 5
On December ABC Company acquired shares of its $ par
value common stock for $ each. On December ABC Company resold
shares for $ each. Which of the following is correct
regarding the journal entry for the resold shares? Multiple Choice
Credit Treasury Stock $ Credit Additional Paidin Capital
$ Credit Treasury Stock $ Debit Cash $
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