Question
Pina purchased 2600 shares of its own previously issued $10 par common stock for $70200. As a result of this event, Pina Common Stock account
Pina purchased 2600 shares of its own previously issued $10 par common stock for $70200. As a result of this event,
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| Pina Common Stock account decreased $26000. |
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| Pina total stockholders equity decreased $70200. |
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| Pina Paid-in Capital in Excess of Par Value account decreased $44200. |
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| All of these answer choices are correct. |
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Financial Accounting Group
Authors: Ilse Lubbe, Shelley Herbert, Goolam Modack
1st Edition
0195998634, 9780195998634
