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Question 3 Zambia Ltd. currently has 150,000 no par value common shares outstanding, with a carrying value of $3,900,000. Instructions Record the following transactions: a)
Question 3 Zambia Ltd. currently has 150,000 no par value common shares outstanding, with a carrying value of $3,900,000. Instructions Record the following transactions: a) Purchased 1,500 common shares at $ 29 per share, to be held as treasury shares b) Sold 800 treasury shares at $ 30 a share c) Retired the rest of the treasury shares
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