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On December 31,2023 , Ruiz Corporation's balance sheet reported the following: During 2024, Ruiz decided to discontinue accounting for share buybacks as treasury shares. Instead,

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On December 31,2023 , Ruiz Corporation's balance sheet reported the following: During 2024, Ruiz decided to discontinue accounting for share buybacks as treasury shares. Instead, the shares will be treated as having been retired. Prepare the appropriate journal entry to effect this change

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