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please ans fast i am in test a Practice question 2: On 1st Jan 2018 XYZ SAOG had a balance of RO 240 in its
please ans fast i am in test
a Practice question 2: On 1st Jan 2018 XYZ SAOG had a balance of RO 240 in its Treasury stock - Common for 60 shares having a face value of RO 1 each. On 4th April 2018, the company reissued 1/3rd shares of its treasury stock for RO 104. On 1st June 2018 the company reacquired 150 of its equity shares for RO 4.5 each. On 10th June 2018, it reissued 50 shares in treasury stock for RO 4.3 each. Journalize the following transactions related to Treasury stock and comment on its effect on equity at the end of the year Step by Step Solution
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