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On September 1.2014. Valdez Company reacquired 20.000 shares of us $10 par value common stock for $15 per share Valdez uses Hie cost method to

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On September 1.2014. Valdez Company reacquired 20.000 shares of us $10 par value common stock for $15 per share Valdez uses Hie cost method to accourt for treasury stock. The journal entry to record the reacqulsltion of the stock should credit Selectone: a. Treasury Stock for $300,000. b.Common Stock for $200,000. c. Common Stock for $200,000 and Capital in Excess of par for $75,000. d. None of the above

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