Question 16 A Corporation reacquired common shares during the year DATA Common Stock APIC-Common Stock Common...

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Question 16 "A Corporation reacquired common shares during the year DATA Common Stock APIC-Common Stock Common Stock Shares Issued Common Stock -Par Value $1,000,000 $50,000 100.000 $10 Stock-buy back price $25 Number of shares purchased from stockholders 10,000 Which of the following is true for the entry to record the purchase of shares from shareholders? Select all true statements, incorrect answers are penalized" "Debit Common Stock for $100,000 "Debit Treasury Stock for $250,000 Credit Treasury Stock for $250,000 1 Debit Common Stock for $250,000 Debit PIC Treasury Stock $150,000 Credit PIC, Treasury Stock D'Credit Cash for $250,000 Debit Cash for $250,000 Question 16 "A Corporation reacquired common shares during the year DATA Common Stock APIC-Common Stock Common Stock Shares Issued Common Stock -Par Value $1,000,000 $50,000 100.000 $10 Stock-buy back price $25 Number of shares purchased from stockholders 10,000 Which of the following is true for the entry to record the purchase of shares from shareholders? Select all true statements, incorrect answers are penalized" "Debit Common Stock for $100,000 "Debit Treasury Stock for $250,000 Credit Treasury Stock for $250,000 1 Debit Common Stock for $250,000 Debit PIC Treasury Stock $150,000 Credit PIC, Treasury Stock D'Credit Cash for $250,000 Debit Cash for $250,000