Question
On January 1, 2014, Elliott Corp. repurchased 1,000 shares of its $1 par value common stock on the market when it was trading for $15
On January 1, 2014, Elliott Corp. repurchased 1,000 shares of its $1 par value common stock on the market when it was trading for $15 per share. On March 1, 2104, Elliott reissued the treasury stock by selling it for $15 per share. How would the company record the March 1 transaction?
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A Journey Into Auditing Culture
Authors: Grant Thornton United Kingdom, Susan Jex, Eddie J. Best
1st Edition
1634540565, 978-1634540568
