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Question 25 Not yet answered Marked out of 1.00 Flag question Question text On April 1, 2019, Ruby Corporation reacquired 1,000 shares of its own

Question 25

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On April 1, 2019, Ruby Corporation reacquired 1,000 shares of its own $30 par stock for a total of $195,000 cash. On October 15, 300 of the treasury shares were reissued at a price of $210 per share. The journal entry to record the reissuance of the 300 shares of stock on October 15 includes a:

Select one:

A. Credit to Gain on Treasury Stock of $4,500

B. Credit to Additional Paid-In Capital: Treasury Stock of $4,500

C. Credit to Treasury Stock of $63,000

D. Credit to Common Stock of $9,000

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