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On january 1, 2018 Illino had 100 million $1 par common shares outstanding that were originally issued at $4 per share, and a balance of
On january 1, 2018 Illino had 100 million $1 par common shares outstanding that were originally issued at $4 per share, and a balance of $30 million in PIC treasury.Illini accounts for reacquired shares using treasury method, and determines the cost by FIFO. Record journal entries for following transaction. 1. Illini reissued $25 million treasury shares at $10 per share
Illini accounts for reacquired shares using treasury method, and determines the cost by FIFO.
Record journal entries for following transaction.
1. Illini reissued $25 million treasury shares at $10 per share
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Laboratory Auditing For Quality And Regulatory Compliance
Authors: Donald C. Singer, Raluca-Ioana Stefan, Jacobus F. Van Staden
1st Edition
0367392461, 978-0367392468
